Group 1 - The Company has officially approved a proposal to change its name from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd" during an Extraordinary General Meeting of Shareholders [1][3] - The name change will take effect upon the approval of the Registrar of Companies in the Cayman Islands and the issuance of the certificate of incorporation [4] - The Meeting authorized directors and the secretary to notify the Cayman Islands Registrar of Companies and complete necessary filings for the name change [5] Group 2 - The Board of Directors believes the name change will enhance the Company's corporate image and align with its strategic focus on biomedical and healthcare technologies [6] - The Company is committed to driving innovation and positioning itself as a leader in the biomedical and healthcare industry [6] - Majestic Ideal Holdings Ltd is a one-stop SCM service provider in the apparel industry, also dedicated to delivering innovative solutions in healthcare and biomedical technology [7]