Core Points - Zhejiang Dibei Electric Co., Ltd. has approved changes to its registered capital and governance structure, including the cancellation of the supervisory board and amendments to its articles of association [1][2] - The registered capital has been increased from 130,007,315 yuan to 149,146,203 yuan [1] - The company has completed the registration and filing procedures for these changes with the Zhejiang Provincial Market Supervision Administration [2] Group 1 - The company held its 18th meeting of the 5th Board of Directors on July 25, 2025, and the first extraordinary shareholders' meeting on August 11, 2025, to discuss the changes [1] - The company has recently undergone a board member election, resulting in adjustments to the board [1][2] - The updated business license reflects the new registered capital and other relevant information [2] Group 2 - The company is classified as a listed other joint-stock company, with a legal representative named Wu Jianrong [2] - The company was established on December 27, 1993, and is located at 66 Dibei Road, Sanjiang Street, Shengzhou City, Zhejiang Province [2] - The business scope includes the production and sale of various motors, new electromechanical components, and precision bearings, as well as import and export activities [2]

Group 1 - The company has completed the registration of changes in its business license and has obtained a new business license from the Shanghai Municipal Market Supervision Administration [2] - The registered capital of the company is now RMB 1,015.75458 million [2] - The company is classified as a joint-stock company (listed, foreign-invested enterprise) and was established on August 29, 2005 [2][3] Group 2 - The company’s legal representative is Qiu Wensheng, and its address is located in the China (Shanghai) Pilot Free Trade Zone [2] - The business scope includes technology development, transfer, consulting, and services in the field of computer software, as well as design and sales of communication products and related hardware and software [2]

Core Viewpoint - The company, formerly known as Danhua Technology, is changing its name to Jinmei Technology to better align with its new registered location and operational focus [1][2]. Group 1: Company Name Change - The company announced a change in its stock securities names from "Dan Hua Technology" and "Dan Ke B Stock" to "Jin Mei Technology" and "Jin Mei B Stock" respectively, effective from August 7, 2025 [1]. - The change is part of a broader strategy following the relocation of the company's registered office from Jiangsu Province to Inner Mongolia [2]. Group 2: Operational Overview - The company primarily operates through its subsidiary, Tongliao Jinmei Chemical Co., producing ethylene glycol and oxalic acid with designed capacities of 220,000 tons and 80,000 tons per year respectively [1]. - In 2024, the actual production was 133,000 tons of ethylene glycol and 99,300 tons of oxalic acid, resulting in a capacity utilization rate of 70.27% [1]. Group 3: Financial Performance - The company has faced challenges in recent years, with 2024 showing some improvement but still encountering significant difficulties due to low market prices [3]. - The average selling price of ethylene glycol increased by 12.69%, yet the company remained in a loss position; oxalic acid profitability was impacted by capacity constraints and a 19.28% drop in selling price [3]. - For the first half of 2025, the company anticipates a net loss of approximately 66.2 million yuan and a non-recurring net profit loss of about 66.9 million yuan [3]. - Despite the losses, the company reported improved production and sales figures compared to the previous year and is actively pursuing cost reduction and efficiency improvement measures [3].