Group 1 - The company held its 21st meeting of the 6th Board of Directors on November 7, 2025, with all 7 directors present, and the meeting complied with legal and procedural requirements [2][5] - The Board approved the use of up to RMB 600 million of temporarily idle raised funds to supplement working capital for a period not exceeding 12 months, ensuring that it does not affect the progress of investment projects [3][21] - The Board also approved adjustments to the asset purchase plan, changing the payment method to cash while maintaining control over the target company, Jiangsu Keda [6][45] Group 2 - The employee stock ownership plan's purchase price was adjusted from RMB 4.49 to RMB 4.47 per share based on the company's semi-annual profit distribution [9][30] - The company has utilized RMB 1,203.06 million of the raised funds as of October 31, 2025, with a remaining balance of RMB 163.48 million [18][19] - The company committed to returning the temporarily used funds to the designated account before the due date, ensuring compliance with regulations [20][23] Group 3 - The company plans to hold an investor briefing on November 12, 2025, to discuss the adjustments to the asset purchase plan and gather investor feedback [51][53] - The adjustments to the asset purchase plan are aimed at better protecting the rights of the company and minority shareholders [36][45] - The company has engaged independent financial advisors and legal counsel to ensure compliance and thorough due diligence throughout the transaction process [42][46]