Core Viewpoint - Guangzhou Hengyun Enterprise Group Co., Ltd. has decided to sell up to 1% of its shares in Yuexiu Capital to optimize asset structure and improve liquidity [9][10]. Group 1: Board Meeting - The 10th meeting of the 10th Board of Directors was held on September 26, 2025, with all 10 directors participating [1][2]. - The board approved the proposal to sell part of the shares in Yuexiu Capital and authorized the management to execute the sale through centralized bidding [2][3]. Group 2: Share Sale Details - The company plans to sell no more than 1% of Yuexiu Capital's total shares, with the sale subject to market conditions and requiring approval from the state-owned enterprise [10][12]. - The company currently holds 586,457,241 shares in Yuexiu Capital, representing 11.69% of its total shares, making it the second-largest shareholder [12][14]. Group 3: Appointment of Securities Representative - The board appointed Ms. Chen Yunyi as the securities affairs representative, effective from the date of the board's approval until the end of the current board's term [20][21]. - Ms. Chen holds the necessary qualifications and experience for the role, having obtained the Board Secretary Qualification Certificate from the Shenzhen Stock Exchange [22].