Group 1 - The company held its second extraordinary general meeting of 2025 on December 9, 2025, where it approved the board of directors' re-election and proposals for changes in registered capital and amendments to the articles of association [2] - The company has completed the business registration change and received a new business license from the Chuzhou Market Supervision Administration, with a registered capital of 310.509334 million RMB [2] - The company is engaged in various automotive-related activities, including research and development of auto parts, manufacturing, wholesale and retail of auto parts, mold manufacturing, and technical import and export [2]

Core Points - The company has decided to cancel the supervisory board, transferring its powers to the audit committee of the board of directors [1][2] - The registered capital of the company has been changed from RMB 400,451.00 million to RMB 400,563.398 million due to the issuance of convertible bonds [3] - The company plans to expand its business scope to include "electric vehicle charging infrastructure operation; motor vehicle charging sales" [4] - The company's articles of association will be revised in accordance with the cancellation of the supervisory board, changes in registered capital, and the expansion of business scope [5] Group 1 - The supervisory board will be abolished, and its functions will be assumed by the audit committee of the board of directors [1][2] - The company issued 3,691,350 convertible bonds with a total amount of RMB 36,913.50 million, which began trading on May 5, 2023 [3] - The total number of shares increased from 400,451,000 to 400,563,398 due to the conversion of bonds into shares [3] Group 2 - The company aims to enhance its operational capabilities by adding new business activities related to electric vehicle charging [4] - The articles of association will be updated to reflect the recent changes in governance and capital structure [5]

Company Changes - The company has relocated its registered office from Wujin District, Hengshanqiao, Fangmao Village to Changzhou Economic Development Zone, Luhong Road 2788 [1] - The registered capital has increased from 116,591,931 shares to 117,423,931 shares due to stock incentive plans and share repurchases [2][3] Capital Changes - The company granted 425,000 shares of restricted stock to 31 incentive recipients as part of the 2024 stock incentive plan, which was completed on May 15, 2025 [1] - The company also approved the first exercise of stock options under the 2024 incentive plan, resulting in 432,000 shares being listed for circulation on June 6, 2025 [1] - A total of 25,000 shares were repurchased and canceled due to one incentive recipient's departure, reducing the registered capital from 117,448,931 shares to 117,423,931 shares [1] Governance Changes - The company plans to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, and will revise the company’s articles of association accordingly [2] - The revised articles of association will be submitted for approval at the company's third extraordinary general meeting of shareholders in 2025 [2][3] Regulatory Compliance - The company intends to develop, revise, and abolish certain internal regulations to align with the latest laws and regulations, including the Company Law of the People's Republic of China and the Shanghai Stock Exchange listing rules [2]