Group 1 - The company has approved the issuance of H shares and plans to list them on the Hong Kong Stock Exchange [1][2][3] - The issuance will consist of a maximum of 15% of the company's total share capital post-issuance, with an option for underwriters to exercise an over-allotment option of up to 15% [3][4] - The issuance will be conducted through public offering in Hong Kong and international placement, targeting both local and international investors [2][5] Group 2 - The company will determine the final issuance price based on market conditions, investor demand, and other relevant factors [4] - The proceeds from the H share issuance will be used for expanding overseas production capacity, establishing an international sales network, and other general corporate purposes [9][10] - The company will appoint various professional intermediaries for the issuance process, including underwriters, legal advisors, and auditors [7][8] Group 3 - The board has proposed to amend the company's articles of association to align with the requirements for H share issuance and listing [12][14] - The company will apply for registration as a non-Hong Kong company in accordance with local regulations [11] - The board has confirmed the roles of directors post-issuance, including the appointment of an independent director [19][20] Group 4 - The company plans to hold a temporary shareholders' meeting to discuss the H share issuance and related matters [25] - The board has approved the hiring of a company secretary and authorized representatives for the H share issuance [18] - The company will also purchase liability insurance for directors and senior management to manage risks associated with the issuance [21][22]

Group 1 - The company held its 18th meeting of the second Supervisory Board on August 8, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2]. - The Supervisory Board approved the proposal to cancel the Supervisory Board and amend the company's articles of association, which will be submitted to the first extraordinary general meeting of shareholders in 2025 for review [2][3]. - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and diversify financing channels, which also requires approval from the shareholders' meeting [2][3]. Group 2 - The specific plan for the H share issuance includes public offerings in Hong Kong and international placements, with the issuance expected to account for approximately 15% of the total share capital post-issuance [7][10]. - The final issuance price will be determined based on various factors, including market conditions and investor demand, with the decision to be authorized by the shareholders' meeting [8][10]. - The company intends to use the funds raised from the H share issuance for capacity enhancement, product development, market expansion, strategic investments, and general corporate purposes [12][14]. Group 3 - The Supervisory Board approved the plan for the distribution of retained earnings prior to the H share issuance, which will be shared among all shareholders based on their ownership post-issuance [13][14]. - The company appointed Ernst & Young as the auditing firm for the H share issuance, which will provide necessary reports and opinions related to the issuance [14][15]. - The company will apply for registration as a non-Hong Kong company in accordance with Hong Kong regulations to facilitate the H share issuance and listing [15][16].