Core Viewpoint - The proposal regarding the compensation plan for the board of directors and senior management of Chengdu Road and Bridge (SZ002628) was not approved at the shareholders' meeting due to some shareholders defaulting on their votes, which were considered as abstentions [1][2]. Group 1: Shareholder Voting and Abstentions - The proposal will be resubmitted for approval at the shareholders' meeting after it was not passed in the previous meeting on May 7, 2024 [2]. - A significant portion of the votes were classified as abstentions, with 155,835,678 shares (approximately 90.91%) defaulting due to non-voting, primarily attributed to the largest shareholder, Sichuan Hongyi Jiahua Industrial Co., Ltd. [3][4]. - The total number of shares held by the largest shareholder, Hongyi Jiahua, is 117,767,762, which contributed to the default abstentions [4][6]. Group 2: Compensation Details - In 2023, the total compensation for the board of directors and senior management was 7.71 million yuan, slightly lower than the 7.84 million yuan in 2024 [8][9]. - The chairman's salary in 2023 was 1.15 million yuan, while in 2024, the chairman's salary increased to 925,700 yuan [8][9]. - The company reported a decline in both revenue and net profit in the previous year, with net profit being a loss [10]. Group 3: Governance and Compliance - The company emphasized the importance of timely determination of the compensation plan to ensure orderly governance processes and effective execution of company strategy [10]. - The resubmission of the proposal is a necessary step to comply with regulations and to facilitate further communication with shareholders regarding the compensation plan [10].

Group 1 - The company plans to use up to 620 million yuan of temporarily idle raised funds for cash management, ensuring it does not affect the implementation of fundraising projects [2][13][14] - The cash management aims to improve the efficiency of fund usage, reduce financial costs, and increase company revenue [1][8] - The investment will be in low-risk, highly liquid principal-protected financial products, such as structured deposits and time deposits, avoiding stocks and derivatives [3][7][12] Group 2 - The cash management decision is valid for 12 months from the board's approval date, allowing for rolling use within the specified limit [4][13] - The board chairman or authorized personnel will make investment decisions and sign relevant contracts, with the finance department responsible for implementation [5][13] - The company will disclose cash management details in accordance with relevant regulations [6][12] Group 3 - The income generated from cash management will be prioritized for supplementing investment project funding shortfalls and daily operational liquidity [7][8] - The company emphasizes that this cash management will not impact the progress of fundraising projects and aims to enhance returns for shareholders [8][14][15]

Group 1 - The company raised a total of RMB 831,265,000 by issuing 15,500,000 shares at a price of RMB 53.63 per share, with a net amount of RMB 749,956,497.94 after deducting underwriting and other fees [1][4][77] - The company has established five special accounts for the management of raised funds, ensuring compliance with regulatory requirements [2][3] - The company plans to use up to RMB 700 million of temporarily idle raised funds for cash management, investing in low-risk financial products [4][5] Group 2 - The company approved a profit distribution plan for 2024, proposing a cash dividend of RMB 1.63 per share, totaling RMB 10,106,000, which represents 16.28% of the net profit [13][15] - The company achieved a net profit of RMB 62,075,260.49 for 2024, with a distributable profit of RMB 231,046,032.59 after accounting for retained earnings [13][19] - The company has maintained a consistent cash dividend policy, with a total cash dividend of RMB 20,150,000 for 2024, accounting for 32.46% of the net profit [15][17] Group 3 - The company has proposed to apply for a comprehensive credit limit of up to RMB 1.2 billion from banks to support its ongoing operations and development [34][36] - The company plans to provide a guarantee of up to RMB 80 million for its wholly-owned subsidiary, Ningbo Xiatou Intelligent Technology Co., Ltd., to facilitate its bank loans [40][48] - The company will also provide a guarantee of approximately RMB 54.2 million for its subsidiary, XIASHA VIETNAM COMPANY LIMITED, to support its credit application [56][62] Group 4 - The company has approved a salary scheme for its directors, supervisors, and senior management for 2025, aligning compensation with industry standards and performance [69][71] - The company has announced a delay in the completion of certain fundraising projects, specifically extending the timeline for the "Annual Production of 300,000 Sets of New Energy Vehicle Drive Reduction Mechanism Project" to December 31, 2025 [75][79]