Group 1 - The company held its 44th meeting of the 5th Board of Directors on June 16, 2025, to discuss various proposals [2][3] - The Board approved the proposal to register and issue non-financial corporate debt financing instruments in the interbank bond market, with a total amount not exceeding RMB 1 billion [14][15] - The Board also approved the establishment of an information disclosure management system for the debt financing instruments [6][7] Group 2 - The company plans to use part of its idle raised funds for cash management, not exceeding RMB 300 million, to invest in safe and liquid financial products [22][26] - The cash management period is set for up to 12 months from the date of the Board's approval [28] - The company aims to enhance the efficiency of fund utilization and generate better returns for shareholders through this cash management strategy [33][34] Group 3 - The company will convene the 5th Extraordinary General Meeting on July 3, 2025, to review the proposals approved by the Board [10][38] - The meeting will be conducted both in-person and via online voting, ensuring compliance with relevant regulations [39][40] - Shareholders can participate in the meeting based on the registration rules outlined by the company [41][42]

Group 1 - The company held the 36th meeting of the 5th Supervisory Board on June 16, 2025, with all three supervisors present, and the meeting was chaired by Mr. Zhang Tao [1] - The Supervisory Board approved the proposal for the registration and issuance of non-financial corporate debt financing instruments in the interbank bond market, which is deemed beneficial for optimizing the company's capital structure and expanding financing channels [1][3] - The proposal will be submitted to the company's fifth extraordinary general meeting of shareholders for review [3] Group 2 - The Supervisory Board also approved the use of up to RMB 300 million of temporarily idle raised funds for cash management, which complies with relevant regulations and is expected to enhance the efficiency of fund utilization [1][3] - The decision regarding cash management received unanimous approval from the supervisors [3]