Core Viewpoint - The company has released its first quarter report for 2025, ensuring the accuracy and completeness of the financial information presented, and has made several key decisions regarding financial management and governance [2][4][9]. Financial Data - The first quarter financial report for 2025 has not been audited [3][5]. - The company reported a total of 2,566.47 million units of waste electrical and electronic products processed by its 11 dismantling factories [4]. - The central government's budget for the special transfer payments for waste electrical and electronic products processing in 2025 is set at 5 billion yuan [4]. Shareholder Information - The report indicates that there are no changes in the major shareholders or the status of shares available for lending compared to the previous period [3]. Board Decisions - The board approved the first quarter report with unanimous support from all participating directors [7][10]. - The company has authorized the management to provide a pledge guarantee for a loan of 780 million yuan from the National Development Bank, backed by accounts receivable from the waste electrical and electronic products processing fund [9]. - The board appointed Li Gang as the secretary of the board, confirming his qualifications and experience [11][12]. Additional Information - The company will follow up on the special fund subsidy amount for 2024 once it is clarified by the government [4].