Meeting Announcement - The company will hold its 2025 Eighth Extraordinary General Meeting on November 20, 2025, at 15:00 [2][3][29] - The meeting will combine on-site voting and online voting [4] - The record date for shareholders to attend the meeting is November 14, 2025 [5] Meeting Details - Shareholders can register for the meeting on November 18 and 19, 2025 [9] - The meeting will take place at the company's office in Haikou, Hainan [7] - The agenda includes significant matters affecting minority investors, which will be counted separately [8] Board Resolutions - The board approved the appointment of Zhongshun Zhonghuan Accounting Firm as the auditor for the 2025 fiscal year, with a service fee of 1.349 million yuan [22][43] - The company plans to apply for the issuance of medium-term notes not exceeding 5 billion yuan to optimize its debt structure [24][52] - The investment scale for the New Sea Passenger Hub project has been adjusted from 1.451 billion yuan to 1.596 billion yuan due to increased costs [63][66] Financial and Operational Plans - The medium-term notes will be issued to meet operational needs, including debt repayment and project investment [55] - The company aims to ensure the project's timely completion and operational efficiency through additional investments [71]

Core Viewpoint - The company announced an increase in the investment scale of the New Hai Passenger Transport Hub project from 1.451 billion to 1.596 billion yuan, pending shareholder approval [1] Investment Adjustment - The investment adjustment has been approved by the board of directors and is primarily related to construction costs, land costs, and other related expenses [1] - The additional investment will be funded primarily through the company's own funds, with any shortfall covered by approved bank loans [1] Reasons for Adjustment - The increase in investment is attributed to higher standards, rising material and labor costs, land appreciation, and increased taxes and fees [1] - The additional investment is expected to facilitate construction and settlement processes [1] Potential Risks - The project may face risks related to business volume not meeting expectations, prompting the company to implement measures to enhance profitability [1]

Core Viewpoint - The company has approved an increase in the investment scale of the Jinzhou Production Base Phase III project from 369 million to 504 million yuan, with a non-public offering raising 62.89 million yuan [1] Investment Details - The total investment for the Jinzhou Production Base Phase III project is raised to 504 million yuan from the previous 369 million yuan [1] - The amount raised through non-public offering remains unchanged at 62.89 million yuan [1] Project Implementation - The adjustment does not change the amount of funds raised through the non-public offering [1] - There are no changes to the project implementation entity, and it does not involve related party transactions or constitute a major asset restructuring [1] - The proposal will be submitted for approval at the shareholders' meeting [1]