Core Viewpoint - The company is holding its first extraordinary general meeting of shareholders in 2025 to discuss significant changes including capital restructuring, company type alteration, cancellation of the supervisory board, and amendments to the Articles of Association [1][5][6]. Meeting Procedures - The meeting will ensure the presence of only relevant participants, including shareholders, their proxies, and invited personnel, to maintain order and efficiency [2][3]. - Attendees must arrive 30 minutes early for registration and must present identification for verification [2]. - The meeting will follow a predetermined agenda for discussion and voting on proposals [2][4]. Proposals - **Proposal 1**: Change of registered capital and company type, cancellation of the supervisory board, and amendments to the Articles of Association. The registered capital will increase from 3.6 billion to 4.01 billion RMB, following the approval of a public offering of 41 million shares [5][6]. - **Proposal 2**: Amendments to certain corporate governance systems, including the revision of the rules for shareholder meetings and the abolition of the supervisory board's rules [7][8]. - **Proposal 3**: Approval of a guarantee limit for subsidiaries, with a total guarantee amount not exceeding 1.3 billion RMB for various subsidiaries to support their operational needs [10][11]. Financial Overview - The company has completed its public offering and is now listed on the Shanghai Stock Exchange, with a total share count of 401 million [6]. - The financial health of the subsidiaries is assessed, with specific attention to their debt levels and operational performance, ensuring that they do not pose significant risks to the company's overall financial stability [14][15].

Group 1 - The company held its 16th meeting of the 5th Board of Directors on June 9, 2025, with all 9 directors present, and the meeting was conducted in compliance with legal and regulatory requirements [2][4]. - The Board approved a proposal to increase the guarantee limit for 2025 to a total of RMB 398 million, with an additional guarantee of RMB 250 million planned for the year [3][22]. - The proposal for the new guarantee limit will be submitted for approval at the upcoming shareholders' meeting [5][26]. Group 2 - The company plans to hold its first extraordinary shareholders' meeting of 2025 on June 25, 2025, at 14:45, with both on-site and online voting options available [6][11]. - The meeting will allow shareholders to vote on the approved proposals from the Board, including the new guarantee limit [12][13]. - Shareholders must register for the meeting by June 18, 2025, and can do so in person or via mail/fax [15][16]. Group 3 - The company has provided guarantees totaling RMB 147.86 million to its subsidiaries, which represents 20.91% of the latest audited net assets attributable to the parent company [34]. - The total expected guarantees, including the new proposal, will account for 56.30% of the company's latest audited net assets [25][34]. - The company has no overdue guarantees and the proposed guarantees are deemed necessary for the operational needs of its subsidiaries [32][34].