Core Points - The implementation rules for the cumulative voting system aim to protect the interests of minority shareholders and improve the corporate governance structure of Jiangsu CITIC Bo New Energy Technology Co., Ltd [1] - The cumulative voting system allows shareholders to allocate their voting rights when electing multiple directors, enabling them to concentrate votes on a single candidate or distribute them among several candidates [1][2] Summary by Sections Cumulative Voting System - The cumulative voting system is defined as a voting method where each shareholder's voting rights equal the product of their shares and the total number of directors to be elected [1] - Shareholders can choose to concentrate their votes on one candidate or distribute them among multiple candidates [1][2] Election Procedures - The election of independent and non-independent directors will be conducted separately to ensure compliance with the company's articles of association [2] - The voting rights for independent directors are calculated based on the number of shares held multiplied by the number of independent directors to be elected, and similarly for non-independent directors [2][3] Voting Methodology - Shareholders can cast their cumulative votes either separately or all at once for any director candidate [3] - If a shareholder's voting exceeds their cumulative voting rights, that portion of the vote will be considered invalid [3][4] Election Outcomes - Directors are elected based on the number of votes received, with a requirement that each elected director must receive more than half of the valid voting rights present at the meeting [4] - If the number of candidates exceeds the number of positions, a second round of voting will be held if necessary [4] Legal Compliance - The implementation rules will be effective upon approval by the shareholders' meeting and will be interpreted by the board of directors [5]

General Principles - The rules are established to regulate the behavior of Jiangsu CITIC Bo New Energy Technology Co., Ltd. and ensure shareholders can exercise their rights according to relevant laws and regulations [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholder meetings [1][2] Shareholder Meeting Types - Shareholder meetings are categorized into annual and temporary meetings, with annual meetings held once a year within six months after the end of the previous fiscal year [2] - Temporary meetings must be convened within two months if circumstances arise that require such meetings [2] Meeting Convening Procedures - The board of directors is responsible for convening shareholder meetings within the specified timeframes [3][4] - Independent directors and the audit committee have the right to propose temporary meetings, and the board must respond within ten days [3][4] Proposal and Notification - Proposals must fall within the scope of the shareholder meeting's authority and be clearly defined [14] - Shareholders holding at least 1% of shares can submit temporary proposals, which must be announced prior to the meeting [15][16] Meeting Conduct - Shareholder meetings must be held at the company's registered address or a location specified in the articles of association [21] - Shareholders can attend in person or appoint proxies to vote on their behalf [21][22] Voting Procedures - Each share carries one vote, and shareholders must declare their voting intentions as agree, disagree, or abstain [37] - Voting results must be announced immediately after the meeting, and detailed records must be kept [40][41] Decision Making - Resolutions passed at the shareholder meeting must be announced promptly, including details of the voting results and the number of shares represented [40][41] - If a proposal is not approved, it must be highlighted in the announcement [41] Compliance and Enforcement - The company must comply with all legal and regulatory requirements, and failure to do so may result in penalties from regulatory bodies [48][49] - The board and management are responsible for executing shareholder resolutions and ensuring the company's normal operations [16][49]

Core Viewpoint - Jiangsu CITIC Bo New Energy Technology Co., Ltd. announced the cancellation of its supervisory board, changes in registered capital, and amendments to its articles of association to enhance corporate governance and operational efficiency [1][2][3]. Group 1: Cancellation of Supervisory Board - The company will cancel the supervisory board, with its functions transferred to the audit committee of the board of directors, in accordance with the Company Law and relevant regulations [1]. - Until the shareholders' meeting approves the cancellation, the current supervisors will continue to perform their duties to protect the rights of the company and its shareholders [1]. Group 2: Change in Registered Capital - As of May 16, 2025, the company completed the registration of shares from the second vesting period of its 2022 restricted stock incentive plan, increasing the total number of shares from 218,515,940 to 219,065,886, resulting in a registered capital change [2]. Group 3: Amendments to Articles of Association - The company plans to amend its articles of association to improve governance structures, aligning with the Shanghai Stock Exchange's regulations and the actual operational conditions of the company [2][3]. - Non-substantive changes include replacing terms related to the supervisory board with those pertaining to the audit committee, and other minor textual adjustments [2]. Group 4: Governance System Revisions - The company has revised and established several governance systems to promote standardized operations and enhance internal governance mechanisms, in compliance with relevant laws and regulations [3][6]. - Some of these governance revisions require approval from the shareholders' meeting to take effect [6].

Core Points - Shanghai Putailai New Energy Technology Co., Ltd. announced the release of share pledges by its controlling shareholder, Liang Feng, who holds 531,510,881 shares, accounting for 24.87% of the total share capital of 2,137,165,372 shares [1] - A total of 108,400,000 shares were released from pledge, representing 5.07% of the company's total share capital [1] - After the release, Liang Feng has 202,650,000 shares pledged, which is 38.13% of his total holdings and 9.48% of the company's total share capital [1] Summary by Sections Shareholder Information - Liang Feng directly holds 531,510,881 shares, which is 24.87% of the total share capital [1] - The release of 108,400,000 shares from pledge represents 20.39% of his total holdings [1] Pledge Details - Remaining pledged shares after the release amount to 202,650,000 shares [1] - The remaining pledged shares account for 38.13% of Liang Feng's total holdings and 9.48% of the company's total share capital [1] Disclosure Commitment - The company commits to timely information disclosure regarding any future pledge situations involving Liang Feng [1]

Core Viewpoint - Tian Tie Technology (300587) announced that its wholly-owned subsidiary Jiangsu Changjili New Energy Technology Co., Ltd. will temporarily suspend production at its Yixing plant due to a steam supply failure from a supplier, expected to last for about one month [1] Group 1 - The suspension of production is set to begin on June 8, 2025, and is anticipated to last until approximately July 20, 2025 [1] - The supplier has reported that repair work is nearly complete, and equipment debugging is currently underway, but steam supply remains unavailable [1] - The company stated that this temporary suspension will not have a significant adverse impact on its overall operations [1]

Core Viewpoint - Jiangsu Tongli Rising Machinery Co., Ltd. has announced the performance commitment completion status of Beijing Tianqi Hongyuan New Energy Technology Co., Ltd. for the years 2022-2024, indicating that Tianqi Hongyuan exceeded its profit commitment by achieving a cumulative net profit of 342.95 million yuan, which is 106.84% of the promised amount [1][4][5] Summary by Sections Basic Information - The company acquired a 51% stake in Tianqi Hongyuan by paying 240 million yuan for 33.76% equity and an additional 250 million yuan for capital increase, with the acquisition completed on May 12, 2022 [1] Performance Commitment Situation - The performance commitment agreement stipulates that Tianqi Hongyuan must achieve a cumulative net profit of no less than the promised amount during the commitment period from 2022 to 2024. If the actual net profit falls short, the performance commitment parties are obligated to compensate the company [2][3] Performance Commitment Completion Status - According to the audit report, Tianqi Hongyuan achieved net profits of -15.13 million yuan in 2022, 90.46 million yuan in 2023, and 267.62 million yuan in 2024, totaling 342.95 million yuan, exceeding the commitment by 21.95 million yuan, with an excess completion rate of 6.84% [4][5] Excess Performance Reward - Based on the agreement, the company will allocate 50% of the excess profit (1.10 million yuan) as a reward to the core management team of Tianqi Hongyuan, with the total reward not exceeding 20% of the total transaction price (98 million yuan) [4][5]

Group 1 - Qingdao Hongjia New Energy Technology Co., Ltd. has been established with a registered capital of 2.5 million yuan [1] - The legal representative of the company is Hu Yang [1] - The business scope includes electric vehicle charging infrastructure operation, charging pile sales, power generation technology services, efficient energy-saving technology research and development in the power industry, and sales of power facility equipment [1] Group 2 - The company is wholly owned by Dongfang Yuhong (002271) through indirect shareholding [1]

Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder of Shanghai Putailai New Energy Technology Co., Ltd., highlighting the current status and future expectations regarding share pledges and financing [1][2][6]. Group 1: Share Pledge Details - The controlling shareholder, Liang Feng, holds 531,510,881 shares, representing 24.87% of the total share capital of 2,137,165,372 shares. After the recent pledge and release, the total pledged shares amount to 311,050,000, which is 58.52% of his holdings [1][4]. - Liang Feng and his concerted actions hold a total of 961,571,752 shares, accounting for 44.99% of the total share capital. The total pledged shares after the recent transactions are 404,050,000, which is 42.02% of their combined holdings and 18.91% of the total share capital [1][4]. Group 2: Share Release and Future Expectations - The share pledge is intended to replace existing financing and does not involve new financing. The replacement is expected to be completed by July 2025, which will allow for the release of 108,400,000 shares, reducing the pledged shares to 38.13% of his holdings and 13.83% of the total share capital [2][5]. - Following the release of shares, the remaining pledged shares will be 311,050,000, which represents 58.52% of Liang Feng's holdings and 14.55% of the total share capital [3][5]. Group 3: Financial Health and Impact - The financial condition of Liang Feng and his concerted actions is reported to be good, with sufficient repayment capability expected from self-owned and raised funds. The share pledge is not anticipated to impact the company's main business, financing costs, or operational capabilities [6]. - The share pledge will not affect the governance or daily operations of the company, nor will it lead to a change in actual control [6].

Core Viewpoint - The announcement details the share reduction by senior management of Jiangsu CITIC Bo New Energy Technology Co., Ltd., indicating a planned reduction of shares due to personal financial needs, which has been successfully executed [1][2]. Group 1: Shareholding Before Reduction - Before the reduction plan, the company’s Vice President Zhou Shijun held 55,130 shares, accounting for 0.0252% of the total share capital [1]. - Vice President and core technical personnel Yang Ying also held 55,130 shares, representing 0.0252% of the total share capital [1]. - Secretary of the Board and Vice President Liu Yijun held 44,700 shares, which is 0.0205% of the total share capital [1]. Group 2: Implementation of Reduction Plan - The reduction plan was disclosed on May 1, 2025, with a maximum of 38,739 shares to be reduced, representing no more than 0.0177% of the total share capital [1]. - The reduction was to be executed within three months after the announcement, through centralized bidding [1]. - As of July 2, 2025, the three executives successfully reduced a total of 38,500 shares, which is 0.0176% of the current total share capital, and the reduction adhered to the previously disclosed plan [2].

Core Viewpoint - The company announced an adjustment to the maximum repurchase price of its shares following the implementation of the 2024 annual profit distribution plan, reducing the price from 80 RMB to 79.01 RMB per share [1][2]. Summary by Sections Share Repurchase Plan - The company plans to use its own funds and/or repurchase special loans for share repurchase, which will be used for employee stock ownership plans or equity incentives [1]. - The total amount for the repurchase will be no less than 70 million RMB and no more than 100 million RMB [3]. Adjustment of Repurchase Price - The maximum repurchase price was adjusted to 79.01 RMB per share due to the cash dividend distribution of 10 RMB per 10 shares [2]. - The adjustment formula for the repurchase price is based on the cash dividend and the change in circulating shares, which remains unchanged in this case [2]. Dividend Distribution - The company will distribute a cash dividend of 10 RMB per 10 shares, with the record date set for June 25, 2025 [1]. - The cash dividend per share, after dilution adjustments, is approximately 0.9906 RMB [2]. Other Matters - The adjusted maximum repurchase price will take effect on June 26, 2025, coinciding with the ex-dividend date [3]. - The company will adhere to relevant regulations during the repurchase process and will disclose information regarding the progress of the repurchase [4].