Core Points - The board of directors of China People's Insurance Group Co., Ltd. held its 11th meeting of the 5th session, where several important resolutions were passed regarding profit distribution and management changes [1][2][3] Group 1: Profit Distribution - The board approved the proposal for the 2025 mid-term profit distribution, which will be submitted for shareholder approval [1][2] - Independent directors expressed support for the profit distribution plan, emphasizing its focus on reasonable returns for investors and compliance with legal regulations [2] Group 2: Management and Governance - The board approved the appointment of Zhao Peng as the company's financial officer, pending regulatory approval [3][4] - The board also approved the appointment of Gong Xinyu as the business director [3][5] - Several governance documents and committee rules were revised and approved, including the authorization plans for the board and management [2][3] Group 3: Financial Reporting and Compliance - The board approved the 2025 A-share and H-share semi-annual reports, which had been reviewed by the audit committee [3] - The board also approved the solvency report for the first half of 2025 [2][3]

Meeting Overview - The fourth meeting of the board of directors of Jilin Zhongyan High Polymer Materials Co., Ltd. was held on August 27, 2025, with all 9 directors present [1] - The meeting complied with relevant laws and regulations, including the Company Law and Securities Law [1] Financial Report Approval - The board approved the 2025 semi-annual report, confirming it accurately reflects the company's financial status and operations [2] - The voting results were unanimous, with 9 votes in favor and no opposition or abstentions [2] Fund Management Report - The board approved the special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with regulations [2] - The report indicated no misuse of funds or changes in their intended purpose [2] Quality Improvement Action Plan - The board approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Recovery Action Plan" for 2025, aimed at enhancing core competitiveness [3] - The plan is designed to promote high-quality development and fulfill the responsibilities of a listed company [3] Governance Changes - The board proposed to abolish the supervisory board and amend the company’s articles of association, pending shareholder approval [4] - The decision aligns with legal requirements and the company's actual situation [4] Governance System Revisions - The board approved revisions to several governance systems to enhance compliance and operational efficiency [4][6] - The revisions include updates to the management of shareholder meetings, board meetings, and various operational protocols [6] Fund Investment Project Adjustments - The board approved the postponement of certain fundraising investment projects and changes in implementation methods, aimed at improving project quality [7] - The adjustments were made based on practical project conditions and followed necessary review procedures [7] Capital Increase for Subsidiaries - The board approved capital increases for several wholly-owned subsidiaries, including an increase of 45 million yuan for Jilin Dingyan Chemical Co., Ltd. and 70 million yuan for Zhongyan Composite (Shanghai) Technology Development Co., Ltd. [8] - The decision reflects the business development needs of the subsidiaries [8] Upcoming Shareholder Meeting - The board decided to hold the first temporary shareholder meeting of 2025 on September 12, 2025, to discuss pending matters [9] - The meeting will address various proposals requiring shareholder approval [9]

Core Viewpoint - The company plans to distribute a cash dividend of 0.90 yuan per share for the 2024 fiscal year, totaling approximately 435.57 million yuan, which represents 104.21% of the net profit attributable to shareholders for the year [1][66]. Company Overview - The main business of the company is the manufacturing and sales of beer products, with a focus on regional management and a supply chain strategy that emphasizes centralized procurement and production based on sales [2]. Financial Data and Indicators - In 2024, the company achieved beer sales of 2.9749 million kiloliters and revenue of 14.645 billion yuan, with an operating profit of 3.185 billion yuan [19][41]. Market and Sales Analysis - The company has implemented various marketing strategies, including collaborations with sports teams and cultural events, to enhance brand visibility and sales [4][5][6][8]. - The non-current drinking channel has seen growth through the introduction of new packaging and products, while traditional channels remain stable [8][9]. Supply Chain and Production - The company has optimized its supply network, with a new brewery in Foshan that significantly reduces supply time and logistics costs [10]. - The company has received numerous awards for product quality, with 15 products recognized in international competitions [10]. ESG Initiatives - The company has made significant progress in its ESG initiatives, achieving an upgrade in its MSCI ESG rating from A to AA, and has been recognized as a model for sustainable development [11][12]. - The company aims for net-zero emissions across its value chain by 2040 and has implemented various sustainability practices, including the use of green electricity and local sourcing of materials [12][35]. Future Development Strategy - The company is focused on high-quality development and plans to enhance its product mix and expand in growth markets as part of its "Sail Fast" strategy [25][26]. - The company anticipates a cautious but optimistic outlook for the beer industry in 2025, with plans to continue optimizing its product structure and sales models [24][25].