Group 1 - The company held its 13th meeting of the 4th Board of Directors on September 24, 2025, to discuss various proposals, including the acquisition of minority shareholder equity in a subsidiary [2][3][5] - The board approved the proposal for the acquisition of 49% equity in Rising Energy International Middle East FZCO for a total consideration of 56,316.03 thousand RMB (approximately 7,931.83 thousand USD) [10][12][15] - The acquisition aims to enhance the company's oil and gas resource volume and production rights, allowing the company to hold 100% equity in the target company after the transaction [10][14][16] Group 2 - The board also approved a revision to the fundraising management system, which will be submitted for shareholder approval [5][6] - A proposal to convene the third extraordinary general meeting of shareholders in 2025 was also approved, scheduled for October 14, 2025 [7][8] - The company has not engaged in any transactions with the same related party in the past 12 months, excluding routine related transactions [12][20] Group 3 - The acquisition is classified as a related party transaction due to the controlling shareholder's significant stake in the selling entity, but it does not constitute a major asset restructuring as defined by regulations [11][18] - The target asset, the Kenge block in Kazakhstan, has estimated geological reserves of 64.41 million tons of crude oil and 21.8 billion cubic meters of natural gas [24][25] - The company aims to leverage its integrated operational capabilities to enhance exploration and development efficiency, thereby increasing production and reducing costs [35]