Group 1 - The company held its 11th meeting of the 8th Supervisory Board on June 27, 2025, with all three supervisors present, complying with legal and procedural requirements [1][2] - The Supervisory Board approved a proposal allowing the company and its subsidiaries to borrow up to RMB 1 billion from the related party, Wuhai Junzheng Technology Industry Group Co., Ltd., to meet operational needs and improve financing efficiency [1][2] - The borrowing will be at a rate not exceeding the People's Bank of China’s loan market quotation rate, without the need for guarantees or collateral, and will be used for daily operations, project construction, and other funding needs [1][2] Group 2 - The Supervisory Board concluded that borrowing from Junzheng Technology would meet the company's operational development needs, reduce financing costs, and maintain the interests of all shareholders without violating any laws or regulations [2] - The voting result for the proposal was unanimous, with 2 votes in favor and no opposition or abstentions, representing 100% of the total votes [2]