Group 1 - The company has decided to cancel the supervisory board and amend its articles of association in accordance with the new Company Law and relevant regulations [6][35][36] - The board meeting held on August 26, 2025, approved the proposal to cancel the supervisory board, which will be replaced by the audit committee [6][35][36] - The company will adjust its registered capital from 940,093,188 yuan to 933,786,584 yuan following the cancellation of the supervisory board [7][36] Group 2 - The company plans to apply for a total of 4.2 billion yuan in comprehensive credit facilities from various banks to support its business operations [14] - The company reported that as of June 30, 2025, it has not utilized any of the raised funds, with a remaining balance of approximately 1.99 billion yuan [17] - The supervisory board has reviewed the company's half-year report and confirmed that it complies with all legal and regulatory requirements [31][32]

Board Meeting Summary - The board meeting was held on August 26, 2025, with all 7 directors present, including one proxy [1][2] - The meeting was chaired by the chairman, Chen Zhihua, and included the attendance of key management personnel [1] Key Resolutions - The proposal to abolish the supervisory board and amend the Articles of Association was approved, aligning with the new Company Law and relevant regulations [2][3] - The company plans to change its registered capital from 940,093,188 yuan to 933,786,584 yuan [2] - The proposal to revise the rules for shareholder and board meetings was also approved [2][3] Credit Facility Application - The company intends to apply for a total credit facility of up to 4.2 billion yuan from various banks, including: - Industrial and Commercial Bank: up to 500 million yuan - Minsheng Bank: up to 700 million yuan - Financial Company: up to 2 billion yuan - Bank of China: up to 1 billion yuan [3][4] Financial Reports - The board approved the adjustment of the 2025 budget and reviewed the special report on the use of raised funds for the first half of 2025, confirming compliance with regulations [4][5] - A risk assessment report regarding the company's banking activities was also approved, indicating no major deficiencies [4][5] Upcoming Shareholder Meeting - The board proposed to convene the third extraordinary general meeting of shareholders on September 12, 2025, to review the discussed resolutions [5]