Group 1 - The company has decided to cancel the supervisory board and amend its articles of association, transferring the supervisory board's responsibilities to the audit committee of the board of directors [1][41][42] - The decision to cancel the supervisory board was made in accordance with relevant laws and regulations, considering the company's actual situation [41][42] - The amendments to the articles of association and related systems will be submitted for approval at the upcoming shareholders' meeting [3][5][17] Group 2 - The company has also approved the termination of the 2023 A-share issuance to specific targets, with the decision made during the board and supervisory board meetings [14][31][36] - The termination of the A-share issuance is based on a comprehensive consideration of the company's actual circumstances and development strategy [35][39] - The company asserts that the termination will not adversely affect its normal production and operations, nor harm the interests of shareholders, especially minority shareholders [39][38]

Core Points - The company has revised its internal regulations, including the renaming of the "Shareholders' General Meeting Rules" to "Shareholders' Meeting Rules" and the approval of 17 revised regulations by the board of directors [1][5][34] - The company has decided to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors, with relevant rules being repealed [5][35] - A special shareholders' meeting is scheduled for December 12, 2025, to review the proposed changes and other matters [42][44] Group 1 - The company held its 27th board meeting on December 1, 2025, where it approved the proposal to cancel the supervisory board and amend the company’s articles of association [5][35] - The board's decision to terminate the 2023 A-share issuance to specific investors was also approved during the same meeting [32][51] - The company will submit the proposals to the shareholders' meeting for final approval [2][7][10] Group 2 - The company’s supervisory board held its 14th meeting on December 1, 2025, where it also approved the proposal to cancel the supervisory board [34][36] - The independent directors unanimously agreed that terminating the 2023 A-share issuance would not adversely affect the company or its shareholders [54][56] - The company has ensured that the decision-making process complies with relevant laws and regulations [53][56]

Core Viewpoint - The company has decided to terminate the issuance of A-shares to specific targets for the year 2025 and will withdraw the related application documents [1] Group 1 - The company held its 13th meeting of the 10th Board of Directors on November 19, 2025, where the decision to terminate the stock issuance was made [1] - The stock issuance plan was initially approved by the Board of Directors on August 12, 2025, and subsequently passed at a temporary shareholders' meeting on September 5, 2025 [1] - The company received an acceptance notice from the Shanghai Stock Exchange on October 24, 2025, and an inquiry letter on October 30, 2025, followed by a disclosure of the response document on November 15, 2025 [1]

Core Viewpoint - The company has decided to terminate the plan for a simplified procedure to issue shares to specific targets for the year 2025, which was initially aimed at raising up to 300 million yuan [2] Group 1 - The company had previously approved the issuance of shares at meetings held on April 24 and May 20, 2025, with a total fundraising target not exceeding 300 million yuan [2] - Despite efforts from the board, management, and intermediaries to advance the share issuance, the company concluded that various factors, including current circumstances and future development plans, warranted the termination of the issuance [2] - The company reassured that the termination of the share issuance will not adversely affect its production operations or business development, and it will continue to promote stable and high-quality growth [2]

Group 1 - The company has decided to terminate the plan for a simplified procedure to issue stocks to specific targets for the year 2025, as approved in the board and supervisory meetings held on August 25, 2025 [1][2] - The termination is based on a comprehensive analysis of the current situation and future development plans, following discussions with relevant parties [1][2] - The company will continue to accelerate the construction of a 1,300-ton annual production capacity for fragrance production using its own and self-raised funds [2] Group 2 - The termination of the stock issuance will not have a significant adverse impact on the company's production operations and business development [2] - The decision to terminate the stock issuance was made without the need for further approval from the shareholders' meeting, as it was authorized by the shareholders [2]