Core Viewpoint - The company held its 23rd temporary board meeting on May 21, 2025, where it approved a loan agreement and a notice for a shareholder meeting [1][2]. Group 1: Loan Agreement - The company plans to borrow CNY 396 million from Shanghai Xinyi, with a loan interest rate of 3.45%, due on June 12, 2025 [1]. - The loan is secured by a 100% equity stake in its wholly-owned subsidiary, Shanghai Jiabao Industrial Group Investment Management Co., Ltd., and CNY 220 million in limited partnership contributions [1][2]. - The company intends to apply for an extension of the loan for up to six months, with the interest rate based on the latest one-year LPR published by the National Interbank Lending Center [2]. Group 2: Shareholder Meeting - The board also approved a notice for the third temporary shareholder meeting of 2025, which will require further approval from the shareholders [2].

Group 1 - The company has established a secretariat for the shareholders' meeting to ensure proper procedures are followed [1] - The board of directors is committed to protecting shareholders' rights and maintaining order during the meeting [1] - Shareholders are required to register in advance to speak or ask questions during the meeting [1][2] Group 2 - The company plans to borrow CNY 396 million from Shanghai Xinyi for operational needs, with a loan term not exceeding six months [3][4] - The loan will be secured by 100% equity of a wholly-owned subsidiary and a capital contribution of CNY 220 million [4] - The decision to borrow requires approval from the shareholders' meeting due to exceeding the board's financing authorization [4]