Group 1 - The board of directors of Changhong Meiling Co., Ltd. approved the investment of 877.05 million RMB for the construction of the Hefei Changhong Smart Home Appliance Industrial Park project to enhance the production capacity of large-capacity refrigerators and improve smart manufacturing levels [1][2] - The project aims to create a flexible, intelligent, and green smart home appliance industrial park, aligning with the company's long-term strategic development needs [1][2] - The investment exceeds 10% of the company's latest audited net assets, requiring approval from the shareholders' meeting [2] Group 2 - The board approved the application for a maximum credit limit of 120 million RMB from China Merchants Bank for a one-year term, covering various financing products [3] - The board also approved credit applications from multiple banks, including 700 million RMB from CITIC Bank, 500 million RMB from Huaxia Bank, 400 million RMB from Jiujiang Bank, 670 million RMB from Bank of China, 1 billion RMB from China Everbright Bank, and 550 million RMB from Shanghai Pudong Development Bank, all with a one-year term [4][5][6] - All credit applications were unanimously approved by the board with 9 votes in favor and no opposition [2][3][4][5][6]