Group 1 - The company held its second extraordinary general meeting of shareholders on September 29, 2025, with a total of 190 shareholders present, representing 748,628,244 shares, which is 52.8966% of the total voting shares [7][8] - The meeting was conducted in accordance with relevant laws and regulations, and no proposals were rejected [1][6] - The meeting approved several key proposals, including the change of the 2025 annual audit institution, the purchase of liability insurance for directors and senior management, and the provision of guarantees for subsidiaries [12][14][16] Group 2 - The company’s board of directors held its 24th meeting on September 29, 2025, where all 8 directors participated, and the meeting was presided over by the chairman [21] - The board approved the appointment of a new vice president, Mr. Tian Ye, effective immediately [22][90] - The board also reviewed and approved the proposal for the wholly-owned subsidiary, Sichuan Development Guorun Water Investment Co., Ltd., to issue corporate bonds, with a maximum issuance scale of 2 billion RMB [29][97] Group 3 - The company’s supervisory board held its 16th meeting on September 29, 2025, with all 3 supervisors present, and the meeting was in compliance with legal requirements [56] - The supervisory board approved the proposal for the subsidiary to meet the conditions for public bond issuance, which will also require shareholder approval [58][96] - The bond issuance is intended to optimize the financing structure and support the company's operational needs [109]

Core Viewpoint - The company is proposing a plan for the distribution of profits and the issuance of corporate bonds to enhance its financial structure and support operational needs [1][2][3]. Profit Distribution Plan - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares held, based on a total net profit of approximately 975.49 million yuan for the first half of 2025 [1][2]. - The proposed cash dividend distribution accounts for 10.65% of the net profit attributable to shareholders for the first half of 2025 [2]. Corporate Bond Issuance - The company intends to issue corporate bonds with a total amount not exceeding 3 billion yuan, with the specific issuance scale to be determined by the board based on funding needs and market conditions [4][5]. - The bonds will have a face value of 100 yuan each and will be issued at par [4]. - The proposed bond term is not to exceed 7 years, with the possibility of multiple maturities [4]. - The bonds will be fixed-rate, with interest paid annually, and the specific interest rate will be determined based on market conditions at the time of issuance [4][5]. Fund Utilization - The proceeds from the bond issuance will be used for repaying interest-bearing debts, supporting investments and acquisitions, and supplementing working capital [5]. Authorization and Governance - The company seeks authorization from shareholders for the board to manage the bond issuance process, including adjustments to the issuance terms based on market conditions [7][8].

Meeting Information - The second extraordinary general meeting of shareholders will be held on September 9, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1] - The on-site meeting will take place at 9:00 AM at the Ruichuang International Center, Beijing [1] - Online voting will be conducted through the Shanghai Stock Exchange's voting system on the same day [1][5] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system or in person [5] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [5] - Duplicate votes through different methods will be counted based on the first vote cast [5] Attendance and Registration - Only shareholders registered by the close of trading on September 3, 2025, are eligible to attend [6] - Registration for the meeting will occur on September 4, 2025, at the company's Securities and Legal Affairs Department [6] - Both natural and legal persons must provide appropriate identification and authorization documents for registration [6] Agenda Items - The meeting will review a proposal to authorize the board of directors to handle matters related to the public issuance of corporate bonds [3][4]