Group 1 - The company held its 29th meeting of the 5th Board of Directors on November 19, 2025, via communication voting, with all 9 directors participating [2][3] - The board approved the proposal to increase the state-owned exclusive capital reserve, which will involve an application for 119.84 million yuan for the renovation of old water supply pipelines in Nanning [13][12] - The board also approved modifications to the insider information registrant system and the board secretary work system, with unanimous support from all directors [5][7][6] Group 2 - A temporary shareholders' meeting is scheduled for December 8, 2025, to discuss the approved proposals [9][16] - The meeting will utilize both on-site and online voting methods, with specific timeframes for participation [18][20] - Shareholders must register for the meeting by December 5, 2025, and can delegate their voting rights through a written authorization [26][28]

Core Viewpoint - The company announced the approval of a proposal to increase state-owned exclusive capital reserves during the upcoming board meeting, which is aimed at funding the renovation of old water supply pipelines in Nanning [1] Group 1: Financial Actions - The company plans to apply for a total of 11,984 million yuan in upper-level funds from its controlling shareholder, Jianing Group, in batches according to the construction progress [1] - The funds will be specifically allocated for the renovation project of the old water supply pipeline in Nanning [1] Group 2: Governance and Approval - The proposal to increase state-owned exclusive capital reserves will be submitted for approval at the company's shareholders' meeting [1]