Core Points - The company held its first meeting of the 11th Board of Directors on June 20, 2025, where several key resolutions were passed [1][2][3][4][5][6]. Group 1: Board Elections and Appointments - Chen Jiao was elected as the Chairwoman of the 11th Board of Directors and will serve as the legal representative of the company [1]. - The members of the specialized committees under the 11th Board of Directors were elected, including the Strategy and ESG Committee, Audit Committee, Compensation and Assessment Committee, and Nomination Committee [2]. - Liu Wei was reappointed as the Chief Executive Officer, while Chen Jiao was reappointed as the Executive President [3]. - Other senior executives, including Liu Jia, Xiong Jianfeng, and Feng Bo, were also reappointed as Senior Vice Presidents [3][4]. Group 2: Compensation and Management Structure - The compensation scheme for senior management was approved, with the Compensation and Assessment Committee responsible for performance evaluations [4]. - Mei Xue was appointed as the Securities Affairs Representative [5]. Group 3: International Expansion Plans - The Board authorized management to initiate preparations for issuing H shares and listing on the Hong Kong Stock Exchange to enhance the company's international competitiveness and financing capabilities [5][6]. - KPMG was proposed as the auditing firm for the H share issuance [6]. Group 4: Upcoming Shareholder Meeting - The company announced the 5th extraordinary general meeting of shareholders to be held on July 16, 2025 [6].