Board Meeting Summary - The sixth board meeting of Xi'an Global Printing Co., Ltd. was held on August 11, 2025, with all seven directors present, including two participating via remote voting [1][2] - The board approved the write-off of uncollectible accounts receivable totaling 1.8082 million yuan as of June 30, 2025, to reflect the company's financial status accurately [1][2] Asset Leasing Adjustments - The board agreed to adjust the rental prices for three assets, reducing the annual rent for the first asset from 10.42 million yuan to 8.03 million yuan, and for the second asset from 1.65 million yuan to 1.32 million yuan [3] - The third asset's description was updated to include an office laboratory building, with the total area changing from 7,967.24 square meters to 8,266 square meters, and the annual rent adjusted from 2.66 million yuan to 2.86 million yuan [3] Business Strategy Changes - Due to increased competition and declining revenue in the internet digital marketing sector, the company decided to scale back its operations in this area to focus on its core strategic direction [5][6] - The board proposed to authorize management to handle all matters related to the cessation of the subsidiary's internet digital marketing business, including personnel arrangements and asset management [6] Fixed Asset Disposal - The board approved the public disposal of 13 outdated fixed assets, including printing machines, with the final transaction price to be determined based on actual sales [7][8] - If the initial public offering does not result in a sale, the price will be adjusted downward for a second offering, but it cannot be lower than 90% of the initial price [7] Fund Management - The board approved the temporary use of up to 150 million yuan of idle raised funds to supplement working capital, with a commitment to return the funds to the designated account within 12 months [10][11] - This decision aims to enhance the liquidity of the raised funds while ensuring that the investment projects continue to meet their financial needs [10]

Core Viewpoint - Yangjiang Donghui Printing Co., Ltd. has been established with a registered capital of 300,000 RMB, indicating a new player in the printing industry focusing on various printing services and products [1] Company Summary - The legal representative of the company is Wu Dongji, which may suggest a local leadership structure [1] - The company’s business scope includes licensed projects such as packaging and decorative printing, document printing, binding services, and production of food-grade paper packaging and containers [1] - General projects include manufacturing paper products, paper and cardboard containers, sales of paper products, professional design services, advertising production and design, and sales of various materials including plastics and metals [1] Industry Summary - The establishment of Yangjiang Donghui Printing Co., Ltd. reflects ongoing developments in the printing industry, particularly in the areas of packaging and specialized printing services [1] - The company is positioned to engage in a wide range of activities, from manufacturing to design and advertising, which may enhance its competitive edge in the market [1]

Group 1 - Yangjiang Boyin Printing Co., Ltd. has been established with a registered capital of 200,000 RMB [1] - The legal representative of the company is Guan Dexuan [1] - The business scope includes licensed projects such as printing of packaging and decorative printing products, printing of documents and other printed materials, binding services, and specific printing products [1] Group 2 - General projects include manufacturing and sales of paper products, manufacturing and sales of office equipment consumables, advertising design, agency, production, and publication [1] - The company can independently conduct business activities based on its business license, except for projects that require approval from relevant authorities [1]

Summary of Key Points Core Viewpoint - Hongbo Co., Ltd. has approved a total guarantee limit of RMB 240 million for 2025, allowing the company and its subsidiaries to provide guarantees without individual approvals for each case [1][2]. Group 1: Guarantee Overview - The company’s wholly-owned subsidiary, Wuxi Shuanglong Information Paper Co., Ltd., signed a maximum mortgage contract with Wuxi Rural Commercial Bank, using its industrial plant as collateral for a loan of up to RMB 40 million [1][3]. - The guarantee provided by Hongbo Co., Ltd. for Wuxi Shuanglong's loan is a joint liability guarantee, with a maximum guarantee amount of RMB 40 million [4]. Group 2: Financial Status of the Guaranteed Entity - As of March 31, 2025, Wuxi Shuanglong reported total assets of RMB 158.56 million and total liabilities of RMB 59.76 million, resulting in net assets of RMB 98.80 million [2]. - The company generated revenue of RMB 5.69 million in the first quarter of 2025, but reported a net loss of RMB 1.89 million during the same period [2]. Group 3: Contractual Details - The mortgage contract specifies that the maximum principal amount guaranteed is RMB 80 million, with the guarantee period from June 10, 2025, to June 9, 2030 [3][4]. - The total external guarantee amount provided by the company and its subsidiaries is RMB 888.79 million, which is 70.88% of the audited net assets for 2024 [4].