Core Points - The company held its seventh meeting of the eleventh board of directors on August 22, 2025, where several key resolutions were passed [3][19] - The company decided to cancel the supervisory board, transferring its powers to the audit and supervision committee of the board of directors, and will amend its articles of association accordingly [5][19] - The company's registered capital was reduced from 1,071.61 million yuan to 1,068.64 million yuan due to the repurchase and cancellation of restricted stock incentives [19][20] - The company approved the revision and abolition of certain governance systems to enhance its governance structure [8][19] - A risk assessment report regarding the financial liability company of the Equipment Group was submitted for review [9][19] - The company plans to hold its first extraordinary general meeting of shareholders in 2025 [15][19] Financial Data - The company reported a change in registered capital due to stock repurchase, with total shares decreasing from 1,071.61 million to 1,068.64 million [19][20] - The financial impact of the stock incentive repurchase was noted, reflecting a strategic adjustment in capital structure [19][20] Shareholder Information - The company’s major shareholders and their holdings were not disclosed in detail, but the report indicates changes in the shareholder structure due to the cancellation of the supervisory board [2][19] - The company’s board of directors confirmed the attendance of all members during the meeting, ensuring compliance with legal requirements [3][4]