Core Viewpoint - Guangzhou Hengyun Enterprise Group Co., Ltd. has decided to sell up to 1% of its shares in Yuexiu Capital to optimize asset structure and improve liquidity [9][10]. Group 1: Board Meeting - The 10th meeting of the 10th Board of Directors was held on September 26, 2025, with all 10 directors participating [1][2]. - The board approved the proposal to sell part of the shares in Yuexiu Capital and authorized the management to execute the sale through centralized bidding [2][3]. Group 2: Share Sale Details - The company plans to sell no more than 1% of Yuexiu Capital's total shares, with the sale subject to market conditions and requiring approval from the state-owned enterprise [10][12]. - The company currently holds 586,457,241 shares in Yuexiu Capital, representing 11.69% of its total shares, making it the second-largest shareholder [12][14]. Group 3: Appointment of Securities Representative - The board appointed Ms. Chen Yunyi as the securities affairs representative, effective from the date of the board's approval until the end of the current board's term [20][21]. - Ms. Chen holds the necessary qualifications and experience for the role, having obtained the Board Secretary Qualification Certificate from the Shenzhen Stock Exchange [22].

Core Viewpoint - The board of directors of Shijiazhuang Colin Electric Co., Ltd. held its eighth meeting of the fifth session, where all proposed resolutions were approved, including the review of the 2025 semi-annual report and adjustments to related party transactions [1][2]. Group 1: Board Meeting Details - The meeting was convened on August 29, 2025, with all seven directors present, and was chaired by Vice Chairman Shi Wenbo [1]. - The meeting adhered to the relevant regulations of the Company Law and the company's articles of association [1]. Group 2: Resolutions Passed - The board approved the 2025 semi-annual report, confirming that it accurately reflects the company's operational status without any misleading statements or omissions [2]. - The adjustment of daily related party transactions was approved, ensuring it would not affect the company's independence or harm the interests of shareholders, particularly minority shareholders [2]. - A resolution regarding the reduction of capital and related transactions involving two subsidiaries was passed, with a total transaction price of 5.6 million yuan for 40% equity [3]. - The board agreed to appoint Xinyong Zhonghe Accounting Firm as the auditor for the 2025 fiscal year, ensuring the independence and objectivity of the audit process [4]. - The establishment of an internal management system for information disclosure deferral and exemption was approved, aligning with relevant laws and regulations [5]. - The appointment of Yang Zhihao as the company's securities affairs representative was approved to enhance information disclosure and investor relations management [5]. - A resolution to convene the second extraordinary general meeting of shareholders in 2025 was passed, scheduled for September 15, 2025 [6].