Group 1 - The company held the 21st meeting of the 10th Supervisory Board on November 11, 2025, via communication, with all three supervisors present, complying with relevant laws and regulations [2][4] - The Supervisory Board approved a proposal to amend the company's articles of association, eliminating the Supervisory Board and transferring its powers to the Audit Committee of the Board of Directors, pending shareholder approval [3][41] - The proposal received unanimous support with 3 votes in favor and no opposition [5] Group 2 - The company convened the 23rd meeting of the 11th Board of Directors on November 11, 2025, with all 12 directors present, in accordance with legal requirements [8] - The Board approved amendments to the articles of association and related rules, which will also require shareholder approval [9][10] - The Board unanimously agreed to change the accounting firm from PwC Zhongtian to Lixin CPA for the 2025 financial year, with 12 votes in favor [12][37] Group 3 - The company plans to hold the 2025 third extraordinary general meeting of shareholders on November 28, 2025, to discuss the proposed amendments to the articles of association and the change of accounting firm [46][47] - The meeting will allow for both on-site and online voting, with specific timeframes for each [43][50] - The company has outlined the registration process for shareholders wishing to attend the meeting [49][64] Group 4 - Wuhan Zhongshang Group, a wholly-owned subsidiary of the company, has applied for a credit facility of 180 million yuan from China Merchants Bank, secured by real estate [58][59] - The real estate used for collateral is located in Wuhan and has a total area of 8,848.63 square meters [60] - The company has a total of 503.74 million yuan in guarantees, which is 24.92% of its latest audited net assets [64]