Group 1 - The company held its 16th meeting of the 5th Board of Directors on December 16, 2025, where all five attending directors approved the resolutions [2][3] - The board approved a proposal for the subsidiary to increase capital and introduce investors while waiving the right of first refusal [2][9] - The board also approved amendments to the company's articles of association, including a reduction in registered capital from RMB 383,644,650 to RMB 382,964,250 [3][6][7] Group 2 - The capital increase involves introducing investors to the subsidiary Shanghai ZhiChun Precision Gas Co., Ltd., with existing shareholders waiving their right of first refusal [10][12] - The total investment amounts to RMB 31,500 million, with various investors acquiring a total of 17.2603% equity in the subsidiary [10][12] - After the capital increase, the subsidiary's registered capital will rise from RMB 138,416,667 to RMB 167,291,667 [10][12] Group 3 - The company maintains control over the subsidiary post-capital increase, ensuring no adverse effects on the financial status or operational results [29][30] - The transaction does not constitute a related party transaction or a major asset restructuring [12][30] - The capital raised will be used to enhance the subsidiary's business operations and market competitiveness [29][30]

Core Points - The company held its 8th meeting of the 4th Supervisory Board on August 26, 2024, where several key resolutions were passed regarding the company's operations and financial strategies [1][2][3] Financial Reporting - The Supervisory Board approved the 2025 semi-annual report, confirming that the report's preparation and review complied with relevant laws and regulations, and accurately reflected the company's financial status and operational results [1][2] - The report was deemed to contain no false records, misleading statements, or significant omissions, with all members of the Supervisory Board taking legal responsibility for its accuracy [1] Corporate Actions - The company approved a proposal to provide guarantees for its controlling subsidiary to meet its operational funding needs, with the Supervisory Board affirming that this would not pose significant financial risks [2] - A resolution was passed to increase capital and introduce strategic investors for the subsidiary, aiming to enhance its long-term development and optimize its capital structure [2][3] Governance Changes - The company decided to abolish the Supervisory Board and amend its Articles of Association, transferring the Supervisory Board's powers to the Audit Committee of the Board of Directors [3][4] Stock Issuance - The company confirmed its eligibility to issue A-shares to specific investors, with a proposal for the issuance to be submitted for approval at the upcoming shareholders' meeting [4][5] - The planned issuance will involve up to 27,300,000 shares, representing no more than 30% of the company's total share capital prior to the issuance [7][8] - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days preceding the pricing date [6][7] Fund Utilization - The total amount to be raised from the issuance is capped at 698.51 million yuan, with the net proceeds allocated to a project focused on the industrialization of low-dielectric-loss flexible copper-clad laminates for 6G communications [8][9] - The company may initially use self-raised funds for the project before the issuance proceeds are available, with plans to replace these funds once the proceeds are received [9] Shareholder Returns - A three-year dividend return plan was approved, aimed at enhancing the transparency and sustainability of the company's profit distribution policy [13][14] - The company will establish a special account for the raised funds, ensuring regulatory compliance and proper oversight of fund usage [14][15]

Group 1 - The company held its 18th meeting of the 4th Supervisory Board on May 20, 2025, with all three supervisors present, and the meeting was conducted in accordance with legal regulations [1][2] - The Supervisory Board approved the proposal to waive the preemptive rights for the capital increase of a subsidiary, determining that it aligns with the company's strategic development needs and complies with relevant regulations [1][2] - The proposal to appoint Guangdong Sinong Accounting Firm as the special audit institution for the issuance of stocks to specific objects in 2025 was also approved, citing the firm's qualifications and experience in providing fair audit services [2][3] Group 2 - The voting results for the proposals showed unanimous support, with all three votes in favor and no opposition or abstentions [2] - The decisions made in the meeting will be submitted for approval at the company's shareholders' meeting [2]