Corporate Governance Structure - The company has established a clear and standardized corporate governance structure, including the General Meeting of Shareholders, Board of Directors, Supervisory Board, and senior management, along with specialized committees such as the Strategy Committee, Compensation and Assessment Committee, Audit Committee, and Nomination Committee [1] General Meeting of Shareholders - During the reporting period, the company held 15 General Meetings of Shareholders, all conducted in accordance with the Articles of Association and the Rules of Procedure for General Meetings, with no violations reported [1] Board of Directors - The company has a Board of Directors consisting of 7 members, including 3 independent directors, and has held 21 Board meetings during the reporting period, all compliant with the Articles of Association and the Rules of Procedure for Board Meetings [2] Supervisory Board - The Supervisory Board is composed of 3 members, including 1 employee representative, and has held 13 meetings during the reporting period, adhering to the relevant regulations [2] Independent Directors - The company has implemented an Independent Director Work System, ensuring that independent directors account for no less than one-third of the Board. Independent directors have actively contributed to improving corporate governance and risk management [2][3] Board Secretary - A Board Secretary System has been established, with the current Board Secretary fulfilling responsibilities in accordance with the Articles of Association and relevant regulations, ensuring legal compliance in the convening of Board and General Meetings [3]

Group 1: Investor Relations Management - The company has established an information disclosure system and process to comply with relevant laws and regulations, ensuring timely and accurate information dissemination [1] - The board secretary is responsible for managing investor relations and organizing various activities to enhance communication with investors [1][2] - Future plans include strengthening communication with investors and providing a platform for fair and timely access to public information [1][2] Group 2: Dividend Distribution Decision Process - The profit distribution plan is reviewed by the board of directors and the supervisory board, with independent directors providing clear opinions and gathering feedback from minority shareholders [2][3] - If the cash dividend ratio does not meet the specified policies, the board must explain the reasons and intended use of retained earnings before submitting to the shareholders' meeting [2] Group 3: Shareholder Voting Mechanism - The company has established a cumulative voting system and detailed regulations for the operation of the shareholders' meeting, ensuring the protection of voting rights for all shareholders, especially minority shareholders [3][4] - Various communication channels are available for shareholders to express their opinions and concerns prior to the approval of the profit distribution plan [3]

Group 1 - The company has established four specialized committees under the board of directors: Audit Committee, Strategic Committee, Nomination Committee, and Compensation and Assessment Committee [1][2] - The Audit Committee is responsible for proposing the hiring or replacement of external auditors, supervising the internal audit system, reviewing financial information, and other matters assigned by the board [1][2] - The Strategic Committee focuses on long-term development planning, operational goals, and major investment proposals, providing recommendations to the board [1][2] Group 2 - The Nomination Committee suggests the size and composition of the board, evaluates candidates for directors and senior management, and proposes candidates for the next board during elections [2] - The Compensation and Assessment Committee develops compensation plans for directors and senior management, supervises the execution of compensation policies, and conducts annual performance evaluations [2] - The overall operation of the specialized committees has been effective, contributing positively to the company's governance structure [3]

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. is preparing for its initial public offering (IPO) and listing on the ChiNext board, following the relevant regulations and guidelines set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2]. Group 1: Issuance Details - The IPO will be conducted through a combination of strategic placement, offline issuance to qualified investors, and online issuance to public investors holding non-restricted A-shares and non-restricted depository receipts [2][3]. - The strategic placement will involve the company's senior management and core employees, along with other investors, participating in a special asset management plan [2][3]. - The initial inquiry period for pricing will take place on August 26, 2025, during which qualified offline investors can submit their proposed prices and corresponding subscription quantities [4]. Group 2: Underwriting and Management - The lead underwriter for this issuance is Zheshang Securities Co., Ltd., which will organize the strategic placement, initial inquiry, and both offline and online issuance [2][5]. - The total number of shares allocated to strategic placement investors, subscription amounts, and the proportion of the total issuance will be disclosed in the issuance announcement [3].

Core Insights - The "Thousand Enterprises and Ten Thousand Households Visiting" initiative launched by Wucheng Rural Commercial Bank aims to enhance support for small and micro enterprises through a structured approach involving dedicated teams and tailored financial products [1][2] Group 1: Initiative Implementation - Wucheng Rural Commercial Bank has established a comprehensive framework for the initiative, including forming a special team, creating a detailed plan, and initiating a series of policy and product promotion meetings [1] - The bank has implemented a "green approval channel" to streamline the financing process for small and micro enterprises [1] Group 2: Impact on Local Businesses - The initiative has significantly benefited local enterprises, such as Shandong Longsen Air Conditioning Equipment Co., Ltd., which received a 2 million yuan industrial upgrade loan to alleviate financing pressure and enhance development capabilities [1] - The bank's efforts have led to the successful engagement with 246 small enterprises and 690 individual businesses, conducting 3 policy briefings and 22 demand meetings [2] Group 3: Financial Support Metrics - Wucheng Rural Commercial Bank has provided credit to 269 enterprises amounting to 443 million yuan, with actual usage of 366 million yuan [2]