Meeting Information - The company plans to hold its third extraordinary general meeting of shareholders on August 27, 2025, at 15:00 [1] - The meeting has been approved by the company's fifth board of directors at its sixteenth meeting [1] - Shareholders can vote either in person or via the internet, with specific voting times outlined [1][4] Voting Procedures - Shareholders must choose one voting method (in-person or online) and cannot vote multiple times [1] - The voting will be conducted on non-cumulative proposals, with specific proposals listed for approval [2][4] - The voting process includes a detailed procedure for both the Shenzhen Stock Exchange trading system and the internet voting system [4] Attendance and Registration - All shareholders registered by the equity registration date are entitled to attend the meeting [2] - Registration procedures for individual and corporate shareholders are specified, including necessary documentation [2][3] Proposals for Approval - The meeting will discuss several proposals, including: - A non-public issuance of exchangeable bonds [2] - Acceptance of guarantees from related parties and provision of counter-guarantees [2] - Nomination of a candidate for the supervisory board [2]

Core Viewpoint - Company plans to issue no more than 300 million RMB of exchangeable bonds to enhance financing channels and optimize financing structure [1] Group 1: Issuance Details - The company will issue exchangeable bonds to professional institutional investors, subject to shareholder approval [1] - The issuance will be conducted in phases, with the specific terms to be determined based on market conditions [2] - The exchange price will be set based on the average trading price of the underlying stock over specified periods, ensuring it does not fall below certain thresholds [2] Group 2: Authorization Matters - The board of directors will seek authorization from the shareholders' meeting to allow the chairman to make decisions regarding the bond issuance, including quantity, terms, and repayment arrangements [3][4] - The authorization will remain effective until all related matters are completed [4] - The company will ensure compliance with relevant laws and regulations throughout the issuance process [3]

Group 1 - The core business revenue composition of ST Xia Chuang for the year 2024 is 89.93% from smart city and finance, and 10.07% from smart business and healthcare [1] - ST Xia Chuang announced a plan to issue non-public exchangeable bonds not exceeding 300 million RMB to professional institutional investors to optimize its financing structure [3] - The proposal for the bond issuance will be submitted for approval at the company's upcoming shareholders' meeting [3]