Financial Data and Key Metrics Changes - The company reported a total of 888,978 shares of common stock outstanding as of September 5, 2025, with a quorum of 364,916 shares present or represented at the meeting [5][14] - The company approved the issuance of approximately 875,000 shares of common stock underlying the Series I preferred stock and warrants, which is significant for compliance with NASDAQ listing rules [10][15] Business Line Data and Key Metrics Changes - The meeting included a proposal to adopt the Fourth Amendment to the Long-Term Incentive Plan, increasing the number of shares available for issuance by an additional 135,627 shares, bringing the total to 400,000 shares [12][15] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company is focusing on compliance with NASDAQ listing rules and enhancing its incentive plan to attract and retain talent, which is crucial in a competitive industry [11][12] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting was conducted to address three main proposals, all of which were approved, indicating a positive reception from shareholders [15] Q&A Session All Questions and Answers - There were no questions or answers recorded during this meeting, as it concluded without any additional inquiries from shareholders [15]

Group 1 - The design of profit-sharing mechanisms in project financing is crucial, impacting both the interests of investors and founding teams, as well as the company's future financing capabilities and development momentum [2][4] - A core principle of profit-sharing design is "dynamic matching," where the profit-sharing logic differs significantly between seed rounds and later stages, with seed rounds focusing on protecting founders [2][4] - In growth-stage financing, a "ladder adjustment" mechanism should be introduced, where profit-sharing ratios automatically adjust based on valuation milestones, reflecting the balance of risk and reward [2][4] Group 2 - Clear delineation of responsibilities is essential for profit-sharing design, as many startups face disputes due to unclear boundaries of roles and responsibilities [4][6] - The inclusion of anti-dilution clauses in the profit-sharing framework is necessary to protect early investors from dilution of their profit-sharing rights during subsequent financing rounds [4][6] - Establishing a "dynamic incentive pool" of 10%-15% for core employees is a long-term safeguard, allowing for equity incentives without excessively diluting the founders' shares [6] Group 3 - The ultimate goal of profit-sharing design is to deeply bind the interests of all parties with the growth of the project, fostering a "symbiotic mindset" that ensures motivation for founders and reasonable risk for investors [6]