Group 1 - The company held its 20th meeting of the 11th Board of Directors on August 8, 2025, with all 7 directors present, and the meeting complied with relevant regulations [1][2] - The board approved the nomination of Mr. Liu Dahong as an independent director candidate, with a unanimous vote of 7 in favor [1][2] - The current independent director, Ms. Ni Jieyun, will not continue after her term ends, as she has served for the maximum allowed six years [1][2] Group 2 - The board also approved the expansion of the company's business scope and amendments to the Articles of Association, which will require shareholder approval [2] - A resolution was passed to convene the company's second extraordinary general meeting of 2025, with all 7 directors voting in favor [3]

Core Points - The company held its 15th meeting of the third board of directors on March 24, 2025, where several key resolutions were passed [1][2][4] Group 1: Board Resolutions - The board approved the proposal to supplement independent directors, nominating Wei Zhihua and Lin Hongzhen as candidates [2][3] - The board approved a proposal to apply for a comprehensive credit limit of up to 1.9 billion RMB from financial institutions to support business operations and expansion [3][4] - The board authorized the chairman to handle the credit application and sign relevant contracts [4] - The board approved the use of up to 2 billion RMB of temporarily idle self-owned funds for cash management, allowing investment in high-security, liquid financial products [5] - The board passed a proposal regarding the equity of a subsidiary in which major shareholders are involved, with related directors abstaining from the vote [6] Group 2: Upcoming Meetings - The board proposed to hold the first temporary shareholders' meeting of 2025 on April 9, 2025, to review the submitted proposals [6]