Core Viewpoint - Zhejiang Zhonghe Technology Co., Ltd. has released its third-quarter report for 2025, ensuring the accuracy and completeness of the disclosed information [1][2]. Financial Data - The third-quarter financial report has not been audited [3][7]. - The company has not made any retrospective adjustments or restatements of previous accounting data [3]. - Non-recurring gains and losses are applicable, but the company does not classify any non-recurring items as recurring [3]. Shareholder Information - The total number of common shareholders is not specified, but the top ten shareholders include a repurchase account holding 14,508,530 shares, representing 2.15% of total shares [5]. - There are no changes in the borrowing or returning of shares among the top ten shareholders compared to the previous period [5]. Board Meeting - The 16th meeting of the 9th Board of Directors was held on October 29, 2025, with all ten directors participating [8]. - The meeting approved the third-quarter report, with all board members confirming its accuracy and completeness [9][10]. Related Transactions - The company has adjusted the expected amount for daily related transactions for 2025, increasing it based on actual operational needs [13][17]. - The total expected amount for daily related transactions is now 38,825.97 million yuan, which includes an additional 14,384.00 million yuan [17]. - The adjustments do not require shareholder approval as they do not exceed 5% of the company's latest audited net assets [18]. Asset Impairment - The company has made provisions for asset impairment for the period from January to September 2025, including provisions for receivables and inventory [42][45]. - The total amount of credit impairment loss recognized is 2,175.84 million yuan, while the reversal of credit impairment loss amounts to 1,091.68 million yuan, resulting in a net increase of 32.78 million yuan in net profit attributable to the parent company [45].

Core Viewpoint - The company, MayAir (China) Environmental Technology Co., Ltd., has adjusted its expected amount for daily related transactions for the year 2025, which has been reviewed and approved by its board and supervisory committee [1][5]. Summary by Sections Daily Related Transactions Basic Situation - The company held meetings on April 25, 2025, to review and approve the expected amount for daily related transactions for 2025, ensuring that related directors abstained from voting [1]. - The company disclosed the results of the annual shareholders' meeting held on May 23, 2025, where the expected amount for daily related transactions was also approved [1]. Expected Amount and Categories of Daily Related Transactions - The expected amounts for daily related transactions in 2025 include: - Purchasing raw materials and fixed assets from related parties, with an increase of 400 million to a total of 1 billion [2]. - Selling products and providing services to related parties, with an increase of 500 million to a total of 2 billion [2]. - The total expected amount for daily related transactions is 3 billion [2]. Related Parties Basic Information and Relationship - The related parties are operational and have a good performance history, ensuring the ability to fulfill transactions [3]. - The company will sign contracts with related parties for the expected daily related transactions in 2025, ensuring legal protection for performance [3]. Main Content of Daily Related Transactions - The adjustments to the expected daily related transaction amounts are primarily for the sale or purchase of products and services, conducted under normal business operations [3]. - Pricing for these transactions will be based on objective and fair market prices, ensuring fairness and reasonableness [3]. Purpose and Impact of Daily Related Transactions on the Company - The adjustment of daily related transaction amounts is necessary for the company's normal operations and will promote business development [4]. - The pricing of these transactions will adhere to fair and reasonable principles, referencing market prices to protect the interests of the company and its shareholders [4]. - The expected daily related transactions are based on stable cooperation with related parties and will not affect the company's independence or create dependency on related parties [4]. Sponsor's Opinion - The sponsor, Changjiang Securities, has reviewed the adjustments and found that the decision-making process complies with relevant laws and regulations [5]. - The daily related transactions are essential for normal operations, with pricing based on market fair prices, ensuring no adverse impact on the company's financial status or operational results [5].

Core Points - The company held the fourth meeting of the second board of independent directors on August 21, 2025, via online communication, with all three independent directors present [1] - The meeting approved the adjustment of the estimated amount for certain daily related transactions for 2025, increasing the expected sales amount to Suzhou Haixing Biotechnology Co., Ltd. from 50,000 yuan to 1,000,000 yuan, and the expected purchase amount from NAPU Analysis Technology (Suzhou) Co., Ltd. from 300,000 yuan to 400,000 yuan [1] - The total estimated amount for daily related transactions for 2025 was adjusted from 4,460,000 yuan to 5,510,000 yuan, while other previously estimated amounts remained unchanged [1] Summary of Related Sections - The independent directors concluded that the adjustments to the estimated amounts for daily related transactions were necessary for the company's normal production and operations, reflecting business development and market demand changes [2] - The pricing policy for daily related transactions adheres to principles of openness, fairness, and justice, with transaction prices settled at market rates, ensuring no adverse impact on the company's financial status or operational results [2] - The adjustments do not create dependency on related parties and do not affect the company's business independence, with the proposal requiring further review by the company's board of directors [2]

Group 1 - The company is holding its first extraordinary general meeting of shareholders in 2025 on September 5, 2025, at 14:00 in Xiamen [4] - The agenda includes the announcement of the meeting, reporting on shareholder attendance, reviewing proposals, and voting procedures [4][5] - The meeting will be presided over by Chairman Lin Weiguo [4] Group 2 - The company has proposed to adjust the expected daily related transaction limit for 2025 from 9.1 billion to 13.1 billion yuan, an increase of 4 billion yuan [7] - The adjustment is based on the latest developments in business cooperation with related parties, particularly with Xiamen Jianfa Group and its controlled enterprises [7][8] - The expected total amount for daily related transactions includes sales of goods and provision of services [7] Group 3 - The company plans to revise its articles of association and eliminate the supervisory board, transferring its responsibilities to the audit committee of the board of directors [14][15] - The revision aims to enhance the governance structure and protect the rights of shareholders, employees, and creditors [14][15] - The new articles will maintain the existing provisions while updating specific clauses to align with regulatory requirements [15][16]

Group 1 - The board of directors of Chongqing Qianli Technology Co., Ltd. held its 23rd meeting on July 31, 2025, via telecommunication voting, with 9 directors present [1] - The board approved several proposals, including changes to the business scope, cancellation of the supervisory board, and amendments to the company's articles of association [2][3] - The company plans to adjust the estimated amount for daily related party transactions for 2025 from 754.03 million yuan to 1.1177 billion yuan [3] - The board agreed to renew financial cooperation agreements between its subsidiary, Chongqing Ruilan Automobile Sales Co., Ltd., and related parties, with a total interest subsidy not exceeding 170 million yuan [3][4] - The company will transfer technology intellectual property rights for a project to Ningbo Geely Automobile Research and Development Co., Ltd. for a price of 345.22 million yuan [4] - The board approved providing guarantees for its subsidiary's loan application of up to 100 million yuan from China Minsheng Bank [5] - The company will hold its fourth extraordinary general meeting on August 18, 2025 [5]