Group 1 - The company has established a joint venture with Xinjiang Tianchi Energy Co., Ltd. to focus on modern coal chemical green low-carbon technologies, with a registered capital of 50 million yuan, where the company holds a 51% stake [2][3] - The joint venture, named Xinjiang Tiantong United New Materials Co., Ltd., has completed its business registration and obtained a business license, with a registered capital of 50 million yuan [3] - The joint venture aims to promote the preliminary work of coal chemical projects and explore sustainable development paths in modern coal chemical industries [2][3] Group 2 - The company held its ninth board meeting on December 30, 2025, where several resolutions were passed, including the comprehensive revision of the fundraising management system [6][7] - The board approved the establishment of a new external guarantee management system to enhance investor protection and regulate external guarantee behaviors [10] - The board also agreed to transfer the overall assets of the calcium carbide plants from Tianchen Chemical Co., Ltd. and Tianneng Chemical Co., Ltd. to Tianwei Chemical Co., Ltd. to improve operational efficiency [12] Group 3 - The company will hold its first temporary shareholders' meeting of 2026 on January 16, 2026, with both onsite and online voting options available [16][17] - The meeting will discuss several proposals, including the revisions to the independent director system and the management of shares held by directors and senior management [38][39] - The company has set specific registration and voting procedures for shareholders participating in the meeting [24][30]

Group 1 - The resignation of non-independent director Cao Xinfeng was reported on November 14, 2025, due to work adjustments, and his resignation took effect immediately upon delivery to the board [2][3] - The company received a resolution from the labor union on the same day, electing Li Jinying as the employee director of the ninth board of directors [2][4] - Cao Xinfeng's departure will not affect the board's normal operation or the company's daily business, as he has completed the necessary handover and does not hold any company shares [3][4] Group 2 - The company plans to establish a joint venture named Xinjiang Tiantian United New Materials Co., Ltd., with a registered capital of 50 million yuan, where the company will contribute 25.5 million yuan for a 51% stake [8][9] - The joint venture aims to focus on modern coal chemical green low-carbon technologies and will be based in the coal chemical project in the Quanzhong National Coal Chemical Base [10][24] - The investment has been approved by the company's board and does not require shareholder approval, as it does not meet the threshold for such a requirement [11][24] Group 3 - The joint venture will be governed by a board consisting of five members, with three appointed by the company and two by Tianchi Energy, ensuring a balanced representation [14] - The company will utilize its chemical production management experience to oversee the joint venture's operations and ensure compliance with relevant regulations [19] - The joint venture is expected to contribute positively to the company's strategic development and long-term operational goals [24]