Core Viewpoint - The company held its 31st temporary board meeting, where several resolutions regarding the revision of internal governance documents were passed, including the removal of the supervisory board and the establishment of a value management system [2][3][47]. Group 1: Board Meeting Details - The board meeting was convened on September 26, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [2]. - The meeting resulted in unanimous approval of all resolutions, with 9 votes in favor and no opposition or abstentions [4][7][10][13][16][19][22][25][28][31][34][35][36][37][38][39][40][41][42][43][44][48][49]. Group 2: Resolutions Passed - The company approved the revision of the Articles of Association, eliminating the supervisory board and transferring its powers to the audit committee of the board [3]. - The company also approved revisions to the rules governing shareholder meetings, board meetings, independent director work systems, fundraising management, related party transactions, external guarantees, information disclosure, external investment, cumulative voting, and various internal governance documents [6][9][12][15][18][21][24][27][30][33]. - A new value management system was established to enhance the company's market value management and protect the rights of investors, particularly minority shareholders [47]. - The company approved the establishment of a management system for the departure of directors and senior management to ensure governance stability and protect shareholder rights [49].

Core Points - The board of directors of Shanxi Huayang New Materials Co., Ltd. held its eighth meeting on September 24, 2025, where all proposed resolutions were approved unanimously [2][3][4]. Group 1: Board Meeting Details - The meeting was convened in accordance with the Company Law, Securities Law, and the company's articles of association, with all nine directors present [4]. - All resolutions discussed during the meeting received unanimous approval, with no votes against or abstentions [2][3]. Group 2: Resolutions Passed - The board approved several amendments to internal governance documents, including: - Revision of the Independent Director Work System [5]. - Revision of the Board Secretary Work System [7]. - Revision of the Special Committee Implementation Rules [8]. - Revision of the Information Disclosure Management System [9]. - Revision of the Insider Information Management System [11]. - Revision of the Management System for Directors and Senior Management Shareholding [11]. - Revision of the Management Measures for Minority Investors' Independent Voting [11]. - Change of the Media Interview and Investor Research Reception System to Investor Relations Management System [12]. - Establishment of a Management System for Director and Senior Management Departure [13]. - Establishment of a Management System for Temporary Suspension and Exemption of Information Disclosure [14]. - Establishment of a Major Information Internal Reporting System [14]. - Establishment of a Trial Internal Control System [15]. - Establishment of a Trial Internal Audit Work System [17]. - Revision of the External Guarantee Management System [17]. - Revision of the Management System for Related Party Transactions [17]. - Revision of the Financing Management System [17]. - Revision of the External Investment Management Measures [18]. - Revision of the Fundraising Management System [21]. Group 3: Guarantee and Financing - The company agreed to provide a guarantee for its wholly-owned subsidiary, Taiyuan Huashengfeng Precious Metal Materials Co., Ltd., for a loan of 20 million RMB from Everbright Bank [27][30]. - The loan is intended to meet the subsidiary's operational funding needs, with a term of two years and an expected interest rate not exceeding 3.6% [28][34]. - The board believes that the guarantee is necessary for the subsidiary's normal operations and that the associated risks are manageable [35][36]. Group 4: Upcoming Shareholder Meeting - The company will hold its fifth extraordinary general meeting of shareholders on October 14, 2025, to discuss the resolutions passed by the board [24][39]. - The meeting will utilize a combination of on-site and online voting methods [39][40].

Group 1 - The company held its 20th temporary board meeting on August 29, 2025, to discuss various resolutions [2][3] - The meeting was legally convened with all 9 board members participating in the voting [2][4] - The board unanimously approved the amendments to the company's articles of association and related rules to enhance governance [7][14] Group 2 - The board approved the election of non-independent directors for the 10th board, including candidates such as Cai Weidong and Yao Ke [17][22] - The election of independent directors, including Xu Yongtao, Liu Qiaoyun, and Pu Hong, was also approved, pending regulatory review [25][28] - The new board will consist of 9 members, including 5 non-independent directors and 3 independent directors [36][37] Group 3 - The company plans to hold its third temporary shareholders' meeting on September 15, 2025, to discuss the resolutions passed by the board [32][51] - The meeting will combine on-site and online voting methods, with specific timeframes for each [53][54] - Shareholders must register by September 10, 2025, to participate in the meeting [55][66]

Core Viewpoint - O-film Technology Co., Ltd. is undertaking a series of governance and operational improvements through amendments to its Articles of Association and internal management systems, aiming to enhance operational efficiency and protect shareholder rights [1][2]. Group 1: Board Meeting and Resolutions - The sixth board meeting of O-film was held on July 29, 2025, with all seven directors present, confirming compliance with relevant laws and regulations [1]. - The board approved amendments to the Articles of Association to streamline management processes and enhance governance effectiveness, pending shareholder approval [1][2]. - A total of 33 internal management systems were discussed, with several being revised, established, or abolished to improve company operations [2][3][4]. Group 2: Specific Resolutions - The board approved the revision of the "Shareholders' Meeting Rules," "Board Meeting Rules," and "Independent Director Work System," with unanimous support from all directors [3][4]. - Other revised systems include the "Investment Decision Management System," "Related Party Transaction Management System," and "External Guarantee Management System," all receiving unanimous approval [4][5]. - The board also decided to abolish outdated systems such as the "Insider Information and Knowledge Person Management Measures" and "Authorization Management System" to align with current operational needs [5][6]. Group 3: Management Changes and Future Meetings - The board appointed Sun Shiquan as the new Deputy General Manager, effective immediately upon board approval [9]. - A third extraordinary general meeting is scheduled for August 14, 2025, to review the approved resolutions and amendments [10].

Group 1 - The company has revised and newly established several governance systems to enhance its operational standards and compliance with relevant laws and regulations [1][2] - The newly established and revised systems include the "Management System for Preventing Major Shareholders and Other Related Parties from Occupying Funds" and the "Management System for Shares Held by Directors and Senior Management" [3] - The revised systems were approved by the company's board and will require special resolutions for some items and ordinary resolutions for others at the upcoming shareholders' meeting [3]