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]