Meeting Overview - The company held its 5th temporary board meeting of the 9th session on May 23, 2025, with all 7 directors participating in the voting process [1][2] - The meeting was conducted through a combination of in-person and communication methods, ensuring all directors could express their opinions [1] Agenda Items - The board discussed optimizing the organizational structure to enhance management efficiency in line with the company's actual conditions [1] - The company plans to continue establishing credit relationships with major domestic financial institutions, including Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China, to meet funding needs and ensure fund safety [2]

Group 1 - The company has decided to optimize its organizational structure by abolishing the supervisory board and canceling the position of employee representative supervisor [1][2] - A new employee representative director position has been added to the board, which must be elected by the employee representative assembly [1] - Wang Xiaoli has been elected as the employee representative director for the fifth board of directors, with a term of three years starting from the approval date of the non-employee representative directors [2] Group 2 - The fifth board of directors consists of seven members, including the newly elected employee representative director and six non-employee representative directors [2] - Wang Xiaoli has a background in human resources and has served as an employee representative supervisor prior to her new role [2]