Core Insights - The company, Bear Electric, announced on November 3 that it has made adjustments to its operational strategy and organizational structure this year [1] - The organizational restructuring, implemented in April, divided the company into five business divisions: Kitchen, Personal Care, Life, Emerging, and Overseas [1] - This restructuring aims to enhance the precision of assessments for each division and improve resource allocation efficiency, thereby boosting overall operational efficiency and strengthening growth momentum in emerging categories [1] - The integration of Roman Smart, acquired last year, has shown significant improvements in production and digital capabilities, leading to a steady increase in net profit margin and contributing positively to the company's performance [1]

Group 1 - The company has terminated its cooperation with Henan Yumin Mining Co., Ltd. and completed the cancellation of its subsidiary, Longbai Lithium Energy Mining Co., Ltd. [2] - The cancellation does not constitute a related party transaction or a major asset restructuring as defined by the regulations [2] - The cancellation was based on the company's strategic development needs to optimize internal management, integrate resources, reduce management costs, and improve operational efficiency [2] Group 2 - Longbai Lithium Energy Mining Co., Ltd. was established to collaborate on a hard rock lithium mining exploration right in Tanzania [1] - The company held a 40% stake in Longbai Lithium Energy Mining Co., Ltd., but no actual capital contribution was made by Yumin Mining [2] - The cancellation of the subsidiary will not have a significant adverse impact on the company's production and operations [2]