Group 1 - The company held the 15th meeting of the 10th Supervisory Board on August 13, 2025, with all 5 supervisors present, complying with relevant laws and regulations [1] - The Supervisory Board approved the company's 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's actual situation without any false records or significant omissions [1][2] - The company agreed to write off accounts receivable that are expected to be uncollectible, with a gross value of RMB 15,688,602.98 and a net value of 0 [2]

Group 1 - The company plans to write off accounts receivable totaling RMB 15,688,602.98, which has already been fully provisioned for bad debts as of June 30, 2025, resulting in a net book value of RMB 0 [1][2] - The accounts receivable being written off are from customers that have been canceled or have not been recoverable for a long time, and the company retains the right to pursue these debts in the future [2][3] - The write-off will not impact the company's profits as the bad debt provision is 100%, and the action aligns with accounting prudence principles, reflecting the company's financial status accurately [2][3] Group 2 - The write-off of accounts receivable complies with the relevant accounting standards and regulations, ensuring a fair representation of the company's financial condition and asset value [3] - The write-off does not involve related parties and does not harm the interests of the company or its shareholders, particularly minority shareholders [3]

Board Meeting Summary - The sixth board meeting of Xi'an Global Printing Co., Ltd. was held on August 11, 2025, with all seven directors present, including two participating via remote voting [1][2] - The board approved the write-off of uncollectible accounts receivable totaling 1.8082 million yuan as of June 30, 2025, to reflect the company's financial status accurately [1][2] Asset Leasing Adjustments - The board agreed to adjust the rental prices for three assets, reducing the annual rent for the first asset from 10.42 million yuan to 8.03 million yuan, and for the second asset from 1.65 million yuan to 1.32 million yuan [3] - The third asset's description was updated to include an office laboratory building, with the total area changing from 7,967.24 square meters to 8,266 square meters, and the annual rent adjusted from 2.66 million yuan to 2.86 million yuan [3] Business Strategy Changes - Due to increased competition and declining revenue in the internet digital marketing sector, the company decided to scale back its operations in this area to focus on its core strategic direction [5][6] - The board proposed to authorize management to handle all matters related to the cessation of the subsidiary's internet digital marketing business, including personnel arrangements and asset management [6] Fixed Asset Disposal - The board approved the public disposal of 13 outdated fixed assets, including printing machines, with the final transaction price to be determined based on actual sales [7][8] - If the initial public offering does not result in a sale, the price will be adjusted downward for a second offering, but it cannot be lower than 90% of the initial price [7] Fund Management - The board approved the temporary use of up to 150 million yuan of idle raised funds to supplement working capital, with a commitment to return the funds to the designated account within 12 months [10][11] - This decision aims to enhance the liquidity of the raised funds while ensuring that the investment projects continue to meet their financial needs [10]

Core Viewpoint - The company has approved the write-off of uncollectible accounts receivable totaling 1.8082 million yuan, reflecting its financial status accurately and complying with accounting standards [1][2]. Group 1: Write-off of Accounts Receivable - The company has written off a total of 1.8082 million yuan in accounts receivable that are deemed uncollectible as of June 30, 2025, following a thorough review of its consolidated financial statements [1][2]. - The accounts receivable were formed due to historical reasons, and the company has made efforts through negotiation and litigation to recover these amounts but has confirmed they are uncollectible [2]. - The company has fully provisioned for bad debts amounting to 1.8082 million yuan, ensuring that the write-off will not significantly impact the current profit and loss [2]. Group 2: Impact on Financial Status - The write-off of accounts receivable is expected to have no significant impact on the company's operating performance, as it has already accounted for these amounts in its financial statements [2]. - The write-off does not involve any related parties and does not harm the interests of the company or its shareholders [2]. Group 3: Board and Supervisory Committee Opinions - The board of directors has agreed to the write-off to ensure a more accurate reflection of the company's financial status and asset value, in accordance with relevant regulations [2]. - The supervisory committee has reviewed the decision and found it to be well-founded, compliant with accounting standards, and in the best interest of the company and its shareholders [2].