Group 1 - The company plans to conduct forward foreign exchange settlement and other foreign exchange derivative transactions to mitigate foreign exchange market risks and enhance financial stability, utilizing up to $15 million of idle funds [3][8][12] - The board of directors and supervisory board approved the proposal on October 28, 2025, and it does not involve related party transactions [3][11] - The transactions will include various products such as forward foreign exchange settlements, foreign exchange options, and currency swaps, with a maximum contract value of $15 million at any given time [3][7][8] Group 2 - The company aims to use the foreign exchange derivatives for hedging purposes, not for speculation, and will follow legal and prudent principles [4][12] - The funding for these transactions will come from the company's own idle funds, and the transactions are authorized for a period of 12 months from the board's approval [10][9] - The company will monitor international market conditions and adjust strategies to minimize foreign exchange losses [15] Group 3 - The company has also announced an increase in its asset pool business credit limit from 2 billion RMB to 3.5 billion RMB, allowing for more flexible financing options [19][23] - The asset pool business will enable the company to manage and utilize its financial assets more effectively, improving liquidity and financial structure [25][29] - The company has established various risk control measures to manage liquidity and operational risks associated with the asset pool business [26][27] Group 4 - The company has reported a total of 182.98 million RMB in asset impairment provisions for the first three quarters of 2025, reflecting a cautious approach to asset valuation [65][66] - The impairment provisions are based on expected credit losses and are in line with accounting standards to ensure accurate financial reporting [67][70] - This provision will reduce the company's pre-tax profit for the third quarter of 2025 by the same amount, emphasizing the importance of prudent financial management [69][70]

Core Viewpoint - The company reported a significant decline in revenue and net profit for the third quarter of 2025, indicating challenges in managing costs and maintaining profitability [20][23]. Financial Data - Total assets as of September 30, 2025, amounted to 312.69 billion yuan, remaining stable compared to the end of 2024 [23]. - Total liabilities increased by 3.47 billion yuan to 175.64 billion yuan, while net assets decreased by 3 billion yuan to 137.05 billion yuan [23]. - The debt-to-asset ratio rose to 56.17%, an increase of 1.02% from the end of 2024 [23]. - Revenue for the first three quarters was 104.24 billion yuan, a decrease of 14.12 billion yuan or 11.9% year-on-year [23]. - Net profit fell to 1.39 billion yuan, down 6.33 billion yuan or 82% year-on-year [23]. Shareholder Information - The company has repurchased a total of 61,676,667 shares, representing 2.0086% of the total share capital, with 38,191,671 A-shares and 23,484,996 B-shares repurchased [5][18]. - The maximum purchase price for A-shares was set at 7.53 yuan per share, while for B-shares it was 3.05 HKD per share [17][18]. Corporate Governance - The board of directors and supervisory board have confirmed the accuracy and completeness of the quarterly report, taking legal responsibility for its content [2][20]. - The company is in the process of board and supervisory board member re-election, which is expected to have no adverse impact on operations [15].

Core Points - The company has revised its articles of association, changing terms such as "shareholders' meeting" to "shareholders' assembly" and removing references to the "supervisory board" [1][2] - The company will seek authorization from the shareholders' assembly to handle business registration changes and related matters following the revisions [1] - The company plans to submit the revised articles of association for approval at the fourth extraordinary shareholders' assembly in 2025 [1] Management System Revisions - The company has updated its management systems in accordance with the revised articles of association and relevant laws [2] Supervisory Board Meeting - The 18th meeting of the fifth supervisory board was held on October 28, 2025, with all three supervisors present, confirming the meeting's legality [5] - The supervisory board approved the 2025 Q3 report, affirming its compliance with legal and regulatory standards [5][12] - The board also approved a proposal for the company and its subsidiaries to engage in asset pool business, aimed at enhancing asset efficiency and reducing funding costs [7][21] Board of Directors Meeting - The 23rd meeting of the fifth board of directors was convened on October 28, 2025, with all seven directors present [11] - The board approved the 2025 Q3 report, confirming its accuracy and compliance with regulations [12][13] - The board also approved the proposal to revise the articles of association and several management systems, which will be submitted for shareholder approval [15][18] - A proposal to hold the fourth extraordinary shareholders' assembly in 2025 was also approved [24]

Core Viewpoint - The company has approved the establishment of an asset pool business to enhance the efficiency of its financial assets and reduce funding costs, with a total amount not exceeding RMB 80 million [7][8][12]. Financial Data - The third-quarter financial statements are unaudited, and the report period refers to the three months from the beginning to the end of the quarter [3][6]. - The company has not reported any significant changes in major accounting data and financial indicators [5]. Asset Pool Business Overview - The asset pool business aims to provide a comprehensive financial service platform for managing and utilizing financial assets, including deposits, bonds, funds, and receivables [8][14]. - The business will involve cooperation with reputable commercial banks that are not related to the company [9]. Purpose of Asset Pool Business - The asset pool will allow the company to convert less liquid receivables into working capital, improving profitability and solvency [14]. - The funds obtained through pledging assets can be used for reinvestment and expansion, thereby enhancing the company's financial condition [14]. Risk Management - The company has outlined measures to control liquidity risks associated with the asset pool business, including tracking and managing receivables and ensuring timely audits [15][19]. Decision-Making Process - The board of directors has authorized the chairman or their designee to make decisions regarding the asset pool business, including selecting banks and determining specific limits and guarantees [16][18]. Shareholder Meeting - A temporary shareholder meeting is scheduled for November 13, 2025, to discuss and vote on the asset pool business and other related matters [21][23].

Overview - Huarong Chemical Co., Ltd. has announced a guarantee for its wholly-owned subsidiaries, with a total guarantee amount not exceeding 284 million RMB [2][17] - The guarantee includes 150 million RMB for subsidiaries with a debt-to-asset ratio of 70% or higher and 134 million RMB for those below 70% [2] Guarantee Details - Huarong Chengdu, with a debt-to-asset ratio below 70%, has been granted a guarantee of 80 million RMB, while Huarong International, with a ratio above 70%, has a guarantee of 140 million RMB [3] - As of September 11, 2025, the company has provided guarantees of 46.12425 million RMB to Huarong Chengdu and 65 million RMB to Huarong International [3] - An asset pool financing agreement was signed with Zheshang Bank, allowing for a financing limit of up to 20 million RMB, which can be shared between the two subsidiaries [3][4] Financial and Operational Context - The guarantee period for the new guarantees is three years from the debt performance deadline [4] - The total amount of guarantees provided by the company is within the limits approved by the shareholders and board of directors, with no additional approval required [5] - The company maintains control over its subsidiaries, which are currently operating normally and have the capacity to repay their debts [15][16] Cumulative Guarantee Information - As of the announcement date, the total approved guarantee amount is 284 million RMB, with actual guarantees amounting to 111.12425 million RMB, representing 64.20% of the company's latest audited net assets [17] - The actual guarantee amount is 38.27792 million RMB, accounting for 22.11% of the company's latest audited net assets [17]

Meeting Overview - The fourth meeting of the fourth supervisory board of the company was held on August 22, 2025, in accordance with legal and regulatory requirements [1] - All three supervisors participated in the voting, with no dissenting or abstaining votes [2] Financial Reporting - The supervisory board approved the company's 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational status without any false statements or omissions [1][2] - The report will be published on the designated information disclosure website on August 23, 2025 [2] Fund Management - The supervisory board reviewed and approved the management of the company's fundraising, confirming compliance with relevant regulations and no misuse of funds [2][3] - The semi-annual profit distribution plan was deemed compliant with legal and regulatory standards, reflecting the company's commitment to shareholder returns [2][3] Project Completion and Fund Allocation - The board agreed to conclude certain fundraising projects and permanently allocate surplus funds to working capital, aligning with regulatory requirements and supporting subsidiary operations [4][5] Foreign Exchange Derivatives - The supervisory board approved the company's and its subsidiaries' engagement in foreign exchange derivative transactions, which are seen as beneficial for financial stability and risk management [4][5] Asset Pool Business - The board consented to the company's and its subsidiaries' asset pool business, aimed at enhancing the efficiency and returns of bill assets without affecting core business operations [5][6]

Group 1 - The board of directors of Jingrui Electronic Materials Co., Ltd. held its eighth meeting of the fourth session, with all nine directors present, ensuring compliance with legal and regulatory requirements [1] - The board approved the 2025 semi-annual report and the special report on the use of raised funds, with unanimous support from all directors [2][3] - The company proposed a cash dividend of 0.10 yuan (including tax) per share based on the total share capital of 1,059,574,198 shares as of June 30, 2025, without capital reserve conversion or stock distribution [2][3] Group 2 - The board plans to hold a temporary shareholders' meeting on September 16, 2025, to review the proposals that require shareholder approval [4] - The company will adjust the total cash dividend amount if there are changes in total share capital before the implementation of the profit distribution plan, maintaining the distribution ratio [2][3]

Group 1 - The first extraordinary general meeting of shareholders for Jianmin Pharmaceutical Group Co., Ltd. is scheduled for July 30, 2025, at 14:00 in Wuhan [1][2] - The meeting will combine on-site voting and online voting through the Shanghai Stock Exchange's shareholder meeting voting system [4][7] - The agenda includes the review and voting on the proposal to amend the company's articles of association [8][9] Group 2 - The meeting will be presided over by Vice Chairman Xu Liang, with Secretary of the Board Zhou Jie recording the minutes [1][2] - Shareholders or their legal representatives must register 30 minutes before the meeting and present necessary identification [6] - The voting process will include a break, followed by the announcement of voting results after the market closes at 15:00 [2][5] Group 3 - The proposed amendments to the articles of association aim to enhance corporate governance by removing the supervisory board and transferring its responsibilities to the audit committee [8][9] - New sections will clarify the roles and obligations of controlling shareholders and actual controllers, as well as the responsibilities of independent directors [9][21] - The amendments will also standardize the procedures for convening shareholder meetings and clarify the qualifications for directors and senior management [9][10]

Group 1 - The company has approved the establishment of an asset pool business with a total limit not exceeding RMB 100 million to enhance liquidity and asset management efficiency [1][2] - The asset pool business will involve the management of various financial assets such as certificates of deposit, acceptance bills, letters of credit, financial products, and accounts receivable [2][3] - The purpose of the asset pool business is to effectively activate financial assets, reduce capital occupation, and improve the efficiency of the company's current assets, ultimately maximizing shareholder value [2][4] Group 2 - The asset pool business will be conducted with reputable domestic commercial banks, ensuring a good cooperative relationship and leveraging the banks' asset pool service capabilities [2][3] - The company will implement risk control measures, including establishing a dedicated team to manage the asset pool and conducting audits to ensure the safety and liquidity of the pooled assets [3][4] - As of the announcement date, the company's external guarantee balance is RMB 53.72 million, accounting for 11.75% of the audited total assets for 2024, with no overdue guarantees reported [3][4]

Core Viewpoint - The company plans to continue its asset pool business with Zhejiang Commercial Bank, with a credit limit of 400 million yuan and a term of 12 months from the approval of the shareholders' meeting [1][2][3] Summary by Sections Asset Pool Business Overview - The asset pool business allows the company and its subsidiaries to manage and utilize their assets collectively, providing a comprehensive service platform for asset management and financing [1][2] - The financing limit for the asset pool is set at 400 million yuan, which accounts for 16.43% of the company's latest audited net assets of 2,435.31 million yuan [2][3] Guarantee Methods and Parties Involved - The company will provide maximum pledge guarantees, utilizing various forms of collateral such as certificates of deposit, bills, and margin deposits [2][3] - The maximum financing limit for the subsidiary, Guangdong Fuga Pharmaceutical Co., Ltd., is capped at 56 million yuan, with the company assuming joint liability for guarantees [3][4] Financial Status - As of March 31, 2025, the company's total assets were 427,768.32 million yuan, with net assets of 254,548.31 million yuan and a debt-to-asset ratio of 40.15% [5] - The subsidiary, Guangdong Fuga Pharmaceutical Co., Ltd., reported total assets of 58,102.82 million yuan and net assets of 4,952.81 million yuan as of March 31, 2025 [6] Agreements and Contracts - The company intends to sign a cooperation agreement with Zhejiang Commercial Bank for the asset pool business, which includes provisions for collateral rights and various financing methods [7][8] - A guarantee agreement will be established with Guangzhou Hongshan Investment Co., Ltd., which will pledge its entire equity in Fuga Pharmaceutical as collateral for financing within the asset pool limit [8][9] Impact and Risk Control - The asset pool business is expected to enhance the efficiency of the company's bill assets, reduce financial costs, and maximize shareholder equity [9][10] - The company will implement measures to manage liquidity risks associated with the asset pool, including tracking the collection of pledged bills and ensuring timely repayments [10][11]