Core Points - The company held its 18th meeting of the third board of directors on August 14, 2025, where it approved the nomination of Yu Xiang as a non-independent director candidate following the resignation of He Zongyan [1] - The board meeting was legally valid with all 8 attending directors voting in favor of the proposals, with no votes against or abstentions [2] - The company plans to adjust the remuneration scheme for the third board of directors, with specific provisions for both non-independent and independent directors [2] - A temporary shareholders' meeting is scheduled for September 1, 2025, to further discuss the proposals [3] Summary by Sections Board Meeting - The board meeting was convened urgently and legally, with all directors present and participating in the decision-making process [1] - Yu Xiang was nominated as a non-independent director candidate, ensuring compliance with relevant regulations [1] Voting Results - The voting results showed unanimous support for the proposals, with 8 votes in favor and no opposition [2] Remuneration Adjustment - The remuneration plan for directors includes specific guidelines for non-independent and independent directors, with independent directors receiving an annual allowance of 60,000 RMB before tax [2] Upcoming Shareholders' Meeting - The company announced a temporary shareholders' meeting to be held on September 1, 2025, to review the board's proposals [3]

Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to ensure the protection of shareholders' legal rights and maintain the order and efficiency of the meeting [1][2]. Meeting Details - The meeting is scheduled for July 31, 2025, at 13:30, located at the company's conference room in Shanghai [5]. - Voting will be conducted through a combination of on-site and online methods, with specific time slots for internet voting [5]. Meeting Agenda - The agenda includes sign-in, distribution of materials, and registration for speaking [6]. - The chairman will announce the number of attending shareholders and their voting rights before proceeding with the meeting [6]. Proposals for Consideration - Proposal 1: Election of a new non-independent director to replace the resigned director, with the candidate being Mao Xinyong [6][7]. - Proposal 2: Adjustment of the 2025 director remuneration plan, specifically for non-independent directors not holding executive positions, proposing a consultant allowance of RMB 100,000 per year [8]. - Proposal 3: Formulation and revision of certain internal governance systems, in compliance with relevant laws and regulations [9][10]. Additional Proposals - Several additional proposals regarding the management of various internal systems, including external guarantees, external investments, and fundraising management, are also set for discussion [10][11].

Meeting Information - The shareholders' meeting is scheduled for July 24, 2025 [1][3] - The meeting will be held at the R&D Center located at 5 Runzhi Road, Bao'an District, Shenzhen [1][5] - Voting will be conducted through both on-site and online methods [1][2] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's platform, available from 9:15 AM to 3:00 PM on the meeting day [1][2] - Shareholders must complete identity verification to vote online for the first time [2][3] Agenda Items - The main agenda includes a proposal to cancel the supervisory board and amend the company's articles of association [2][10] - The proposal has been approved by the company's board and supervisory board prior to the meeting [2][10] Shareholder Participation - Shareholders must be registered by the close of trading on July 18, 2025, to attend the meeting [4] - Shareholders can appoint proxies to attend and vote on their behalf [5][6] Contact Information - The contact person for the meeting is Zou Min, located at the same address as the meeting venue [6]

Group 1 - The core viewpoint of the article highlights Toyota's increase in executive compensation, with Chairman Akio Toyoda's salary for FY2024 set at 1.949 billion yen, marking a 20% increase from the previous fiscal year, which is the highest in Toyota's history for four consecutive years [1][2] - Toyota's consolidated operating profit for FY2024 is projected to decrease by 10% to 4.7955 trillion yen compared to FY2023 [2] - The adjustment in executive salaries is based on global corporate benchmarks, indicating that the increase is a result of overall market trends rather than individual performance [2] Group 2 - Toyota's President Koji Sato will receive a salary of 826 million yen for FY2024, which is an increase from 623 million yen for the first nine months of FY2023 [2] - A total of seven executives, including Akio Toyoda and Koji Sato, will have salaries exceeding 100 million yen in FY2024 [2]