Group 1 - The company held its third supervisory board meeting on June 23, 2025, where it waived the notification period requirement for the meeting [1] - The supervisory board approved the proposal to amend the company's articles of association, with a unanimous vote of 3 in favor [2] - The supervisory board agreed to cancel the supervisory board and transfer its powers to the audit committee of the board of directors, pending approval from the shareholders' meeting [2] Group 2 - The supervisory board approved an increase in the guarantee limit for its wholly-owned subsidiary, Changzhou Zhaogeng New Materials Co., Ltd., not exceeding RMB 95 million [2] - The supervisory board also approved a proposal to increase the company's comprehensive credit limit for 2025 by RMB 500 million, raising the total limit from RMB 1.5 billion to RMB 2 billion [3] - The increased credit limit will be available for use from the date of approval by the shareholders' meeting until the annual shareholders' meeting in 2025 [3]