Group 1 - The company held its 24th meeting of the 4th Supervisory Board on July 4, 2025, to discuss important matters [2][3] - The Supervisory Board approved the proposal to participate in the auction for 81.96% equity of Kasma Holdings Co., Ltd. held by the Chinese Academy of Sciences Holdings Co., Ltd. [3][4] - The auction aims to expand the company's sales channels, integrate downstream resources, and enhance market competitiveness and profitability [3][15] Group 2 - The auction is for 81.96% equity of Kasma Holdings with a starting price of 201.989109 million yuan [8][10] - The auction will take place at the Beijing Property Exchange, with a two-phase bidding process scheduled for July 7, 2025 [14] - The transaction does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [10][12] Group 3 - The Chinese Academy of Sciences Holdings Co., Ltd. is the seller, a state-owned enterprise with a registered capital of 5.06703 billion yuan [11] - Kasma Holdings Co., Ltd. has a registered capital of 50 million yuan and engages in various investment and consulting activities [13] - The first major shareholder of Kasma Holdings is the Chinese Academy of Sciences Holdings, which holds 81.96% of the equity [13]