Group 1 - The company has decided to cancel the supervisory board and amend its articles of association and related documents [2][17] - The decision was made during the 8th meeting of the 13th supervisory board held on November 26, 2025, with all three supervisors participating and voting in favor [3][5] - The company will disclose the revised articles of association and related rules on the Shanghai Stock Exchange website [2][17] Group 2 - The company announced a change in the accounting currency for its wholly-owned overseas subsidiary, IFOUND PCB (THAILAND) CO., LTD., from Thai Baht (THB) to Renminbi (CNY) [7][8] - The change is due to the subsidiary's primary funding source being Renminbi, which leads to significant foreign exchange gains and losses when the accounting currency differs from the transaction currency [8][11] - The change will take effect from January 1, 2026, and will not affect the financial status or operating results for the year ending December 31, 2025 [10][11] Group 3 - The board of directors and the supervisory board both agreed that using Renminbi as the accounting currency will provide more reliable financial information and better reflect the subsidiary's operational results [12][14] - The audit committee has also reviewed and approved the currency change, confirming compliance with relevant laws and accounting standards [13][14] - The company plans to hold its fourth extraordinary general meeting on December 12, 2025, to discuss various proposals, including the cancellation of the supervisory board [25][28]

Core Points - The company held the 26th meeting of the 7th Board of Directors, where several key resolutions were passed regarding the election of the 8th Board of Directors and changes to company governance [1][2][3] Group 1: Board Elections - The company approved the election of non-independent directors for the 8th Board, nominating five candidates including Wang Dongying and Zeng Yangyun, with a term of three years [1][2] - The election of independent directors was also approved, nominating three candidates including Zheng Guojian, with the same three-year term [2][3] Group 2: Governance Changes - The company decided to eliminate the supervisory board and transfer its responsibilities to the audit committee of the Board of Directors, aiming to streamline management processes [4][5] - Amendments to the company's articles of association were approved, which will take effect after shareholder approval [4][5] Group 3: Financial Management - The company plans to use up to 2 billion RMB of idle funds for cash management, investing in low-risk financial products [11] - The company approved a report on the use of raised funds, ensuring compliance with legal requirements [9][10] Group 4: Upcoming Meetings - A second extraordinary general meeting is scheduled for September 12, 2025, to review the resolutions passed in the recent board meeting [12]