Core Points - The company held its 25th meeting of the 10th Board of Directors on August 11, 2025, where several key resolutions were passed [2] - The Board approved the nomination of Wu Yonggao and Wu Min as non-independent director candidates, pending shareholder approval [2][3] - Wu Yonggao was appointed as the new General Manager, replacing the previous Deputy General Manager and CFO [2][3] - The company plans to hold its fourth extraordinary general meeting on August 28, 2025, to discuss the aforementioned nominations and other matters [4] Group 1 - The Board meeting was conducted via electronic means with all 9 participating directors voting unanimously [2] - The resolutions included the adjustment of senior management personnel and the proposal for the issuance of bonds by the company's subsidiaries [4] - Wu Yonggao's qualifications and background were verified, confirming his eligibility for the position of non-independent director [5] Group 2 - Wu Yonggao currently holds 1,020,501 shares, representing 0.02% of the company's total share capital [5] - Wu Min, the other nominated candidate, does not hold any shares in the company and has a background in strategic investment [8] - The company has ensured that the new appointments do not exceed the limit of senior management personnel on the Board [3]