Core Viewpoint - The company, Shanghai Yuanzhuo Dream Fruit Co., Ltd., has announced significant corporate governance changes, including the absorption merger of its wholly-owned subsidiaries, aiming to optimize resource allocation and improve operational efficiency [19][25]. Financial Data - The third-quarter financial report for 2025 has been approved, indicating that the financial information is accurate and complete [9][29]. - The financial statements for the third quarter are unaudited, covering the period from January to September 2025 [3][4]. Corporate Governance Changes - The fifth meeting of the fifth board of directors was held on October 24, 2025, where several key resolutions were passed, including the approval of the third-quarter report and the cancellation of the supervisory board [8][29]. - The company plans to absorb and merge its wholly-owned subsidiaries, Shanghai Yuanzhuo, Liaoning Yuanzhuo, and Hunan Yuanzhuo, with the aim of enhancing overall operational efficiency [19][23]. Shareholder Meeting - A second extraordinary general meeting of shareholders is scheduled for November 12, 2025, to discuss various resolutions, including the approval of the merger and amendments to the company's articles of association [88][89]. - The meeting will utilize a combination of on-site and online voting systems to facilitate shareholder participation [89][90].

Core Viewpoint - The company has approved a resolution for the absorption merger of its wholly-owned subsidiaries to optimize resource allocation, reduce management costs, and enhance operational efficiency [3][6][14] Group 1: Board Meeting Details - The board meeting was held on October 13, 2025, with all nine directors present, confirming the meeting's legality and compliance with relevant laws [2][4] - The resolution regarding the absorption merger was unanimously approved with nine votes in favor [4] Group 2: Merger Overview - The merger involves the absorption of Xinjiang Jiaojian Tongda New Material Technology Co., Ltd. by Xinjiang Municipal Rail Transit Co., Ltd., with the latter continuing to operate post-merger [3][6] - The merger does not constitute a related party transaction or a significant asset restructuring as defined by regulations [6] Group 3: Financial and Operational Details - Xinjiang Municipal Rail Transit Co., Ltd. has a registered capital of 45 million RMB, while Xinjiang Jiaojian Tongda New Material Technology Co., Ltd. has a registered capital of 10 million RMB [8][10] - Post-merger, the registered capital of Xinjiang Municipal Rail Transit Co., Ltd. will increase to 55 million RMB [13] Group 4: Purpose and Impact of the Merger - The merger aims to enhance the overall scale and management efficiency of Xinjiang Municipal Rail Transit Co., Ltd., thereby strengthening its market competitiveness [14] - The merger is expected to have no substantial impact on the company's normal operations or financial status, ensuring the protection of shareholder interests, particularly for minority shareholders [14]