Group 1 - The company held the 14th meeting of the 4th Supervisory Board on September 22, 2025, where it unanimously approved the proposal for financing through intellectual property assets, which is expected to lower financing costs and expand financing channels [1][2][4] - The financing project involves cooperation with China Technology Exchange Co., Ltd. to conduct licensing, re-licensing, and pledging of specific patents, with a maximum business cooperation amount of RMB 30.81 million and a duration of no more than one year [22][23] - The Supervisory Board confirmed that the financing through intellectual property assets does not harm the interests of the company or minority shareholders [1][24] Group 2 - The company also held the 18th meeting of the 4th Board of Directors on the same day, where it approved the adjustment of the maximum repurchase price from RMB 23.44 per share to RMB 37.52 per share to ensure the smooth implementation of the share repurchase plan [8][16] - The adjusted maximum repurchase price does not exceed 150% of the average trading price of the company's stock over the previous 30 trading days before the decision [20][21] - The Board of Directors authorized the legal representative of the company to sign all necessary contracts and documents related to the financing project and the share repurchase plan [25][26]