Group 1 - The company held its 25th meeting of the 6th Board of Directors on September 5, 2025, with all 6 directors present, complying with legal and statutory requirements [1][2] - The Board approved a proposal to change the purpose of 9,771,882 shares originally intended for maintaining company value and shareholder rights to be used for cancellation and reduction of registered capital [1][2] - The proposal for share cancellation requires approval from the shareholders' meeting, and the Board has requested authorization for management to handle the related procedures [2] Group 2 - The company plans to hold its third extraordinary shareholders' meeting on September 22, 2025, combining in-person and online voting [2]

Group 1 - The company held its 36th meeting of the third board of directors on September 1, 2025, with all 9 directors present, including independent directors attending via communication [1] - The board approved a proposal to change the purpose of repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, with a unanimous vote of 9 in favor [2] - The proposal to change the registered capital and amend the company's articles of association was also approved, with the same unanimous vote [2] Group 2 - The company plans to submit the proposals for approval at the first extraordinary general meeting of shareholders in 2025 [3]

Core Viewpoint - The company has decided to change the purpose of its share repurchase and will cancel a portion of its shares, leading to a reduction in registered capital and total share capital [1][2]. Group 1: Share Repurchase and Capital Reduction - The company held meetings on July 4, 2025, and July 22, 2025, where it approved the change in the purpose of the share repurchase from employee stock ownership plans to cancellation and reduction of registered capital [1]. - The total number of shares will decrease from 990,929,102 to 984,916,021, and the registered capital will also decrease from 990,929,102 to 984,916,021 yuan [2]. - The company plans to cancel all 6,013,081 shares held in the repurchase account [1]. Group 2: Notification to Creditors - The company has notified creditors that they have 45 days from the announcement date to claim their debts or request guarantees [2]. - Creditors can submit their claims via mail or email, and the submission date will be based on the postmark date for mailed claims [2].

Meeting Notice - The company has established guidelines to ensure the rights of all shareholders and the orderly conduct of the meeting [1][2] - Attendees must check in 30 minutes prior to the meeting and present identification [2] - Shareholders have the right to speak, inquire, and vote during the meeting [2][3] Meeting Details - The meeting is scheduled for July 14, 2025, at 14:00 in Beijing [6] - Online voting will be available on the Shanghai Stock Exchange platform from 9:15 to 15:00 on the same day [6] Meeting Agenda - The agenda includes sign-in, announcement of attendees, discussion of proposals, and voting [6] - The first proposal involves changing the purpose of repurchased shares from employee stock plans to cancellation and reduction of registered capital [6][10] Proposal Details - The company plans to change the use of 2,919,652 repurchased shares, which will reduce the total share capital from RMB 68,517.2377 million to RMB 68,225.2725 million [8] - This change aims to enhance earnings per share and improve shareholder returns without adversely affecting the company's financial status or operations [8][9] Additional Proposal - The second proposal is to increase the expected amount of daily related transactions by RMB 50 million, bringing the total to RMB 150 million [10][11] - This increase is based on the company's operational needs and has been approved by the board and supervisory committee [12]

Summary of Key Points Core Viewpoint - The company has decided to change the purpose of its share repurchase plan from employee stock ownership or equity incentives to cancellation and reduction of registered capital, involving the cancellation of 1,179,800 shares [1][3][4]. Group 1: Share Repurchase Overview - The company initially planned to repurchase shares using its own funds, with a total amount between RMB 20 million and RMB 40 million, at a maximum price of RMB 35.00 per share [1][3]. - The estimated total number of shares to be repurchased ranged from 571,428 shares (0.56% of total shares) to 1,142,856 shares (1.12% of total shares) based on the lower and upper limits of the repurchase amount [1][3]. - As of the latest update, the company has already repurchased 640,100 shares for a total amount of RMB 19,050,656 [1][3]. Group 2: Change of Purpose for Share Repurchase - The change in purpose is aimed at protecting investor interests and enhancing market confidence, considering the company's overall strategic planning and the scale of equity incentives [3][4]. - The decision to cancel the repurchased shares will reduce the company's registered capital and total share count from 142,452,043 shares to 141,272,243 shares [4][5]. Group 3: Impact of the Change - The cancellation of shares is expected to increase earnings per share and improve investor returns without significantly affecting the company's debt obligations, ongoing operations, or shareholder equity [4][5]. - The decision will not lead to changes in the controlling shareholder or actual controller of the company, nor will it have a major impact on the company's financial status and operating results [4][5]. Group 4: Decision-Making Process - The proposal for changing the purpose of the share repurchase and cancellation has been approved in the meetings of the board of directors and the supervisory board held on June 13, 2025, and will be submitted for shareholder approval [5].

Group 1 - The company held its 16th meeting of the third board of directors on June 4, 2025, with all 9 directors present, ensuring compliance with relevant laws and regulations [1] - The board approved a proposal to change the purpose of 3,712,648 shares from "sale" to "cancellation and corresponding reduction of registered capital," reflecting confidence in the company's sustainable development [1][2] - Following the cancellation of shares, the total share capital will decrease from 238,483,650 shares to 234,771,002 shares, and the registered capital will change from 238,483,650 yuan to 234,771,002 yuan [2][3] Group 2 - The board proposed to convene the first extraordinary general meeting of shareholders in 2025, which will utilize both on-site and online voting methods [3] - All proposals received unanimous approval from the board, with no dissenting or abstaining votes [2][3]

Core Viewpoint - The company is holding a temporary shareholders' meeting to discuss changes in registered capital and amendments to the Articles of Association, along with the necessary business registration changes [1][7]. Group 1: Meeting Procedures - Shareholders or their agents must arrive 30 minutes before the meeting to complete registration and present necessary identification documents [2]. - Only shareholders, their agents, company directors, supervisors, senior management, invited lawyers, and designated personnel are allowed to attend the meeting [1][2]. - The meeting will combine on-site and online voting, with specific time frames for each [4][6]. Group 2: Agenda and Proposals - The meeting agenda includes signing in, receiving materials, and a report on the number of attending shareholders and their voting rights [4][6]. - Proposal one involves changing the purpose of repurchased shares and reducing registered capital, which has been approved by the board [5][7]. - Proposal two seeks to adjust the use of shares in the repurchase plan from "sale" to "cancellation and corresponding reduction of registered capital," along with necessary amendments to the Articles of Association [7].

Group 1 - The company held its fourth board meeting on March 28, 2025, with all seven directors present, including two attending via telecommunication [1] - The board approved a change in the purpose of the share repurchase plan for 2024 and 2025, shifting from "for equity incentive or employee stock ownership plan" to "for cancellation and corresponding reduction of registered capital" [1][2] - The board's decision aims to enhance investor confidence and long-term investment value, and it will require authorization from the upcoming shareholder meeting [1][2] Group 2 - The board meeting's voting results showed unanimous support, with all seven votes in favor and none against or abstaining [2] - A second extraordinary general meeting of shareholders is scheduled for April 14, 2025, to review the board's proposal [2]