Core Points - The company held its fifth meeting of the sixth supervisory board on July 16, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [2][3] - The board approved the application for a comprehensive credit limit of up to 50 million RMB from Shanghai Pudong Development Bank, with a term not exceeding one year [2] - The company's wholly-owned subsidiary, Wisdom Petroleum Karamay, is authorized to apply for a comprehensive credit limit of up to 200 million RMB from the Bank of China Karamay Petroleum Branch, with a term not exceeding three years [2] - The company will provide credit guarantees for the subsidiary's credit application, with the guarantee amount not exceeding the total of the current application [2] - The decisions made are in accordance with the Shenzhen Stock Exchange's regulations and do not harm the interests of the company and its shareholders [2] Voting Results - The resolution received unanimous approval with 3 votes in favor, 0 against, and 0 abstentions [3] - The proposal will be submitted for review at the company's shareholders' meeting [3]

Meeting Information - The company will hold its second extraordinary general meeting of shareholders on August 5, 2025, at 14:30 [1] - Shareholders can participate in the meeting either in person or through online voting via the Shenzhen Stock Exchange system [1][2] - The voting time for online participation is set for the trading hours of the meeting day [1] Agenda Items - The meeting will discuss several proposals, including: - A proposal for the company to issue A-shares to specific targets for the year 2025 [2][5] - A proposal regarding measures to mitigate the dilution of immediate returns from the issuance of shares [5] - A proposal to establish a three-year dividend return plan for shareholders from 2025 to 2027 [5] - A proposal to authorize the board of directors to handle matters related to the issuance of A-shares [5][6] Voting Procedures - Shareholders must choose between attending the meeting in person or voting online, with only one method allowed for each shareholder [1][2] - The voting results will be based on the first valid vote cast [6][8] - Special provisions are in place for small investors, ensuring their votes are counted separately [8] Registration Process - Different registration requirements exist for corporate and individual shareholders, including necessary documentation for attendance [3][4] - Shareholders unable to attend in person can register via mail or fax, with a deadline set for July 31, 2025 [3][4] Contact Information - The company has provided contact details for inquiries related to the meeting, including phone and fax numbers [9]

Audit Opinion - The audit report states that the financial statements of Guangxi Huahengtong Energy Technology Co., Ltd. (hereinafter referred to as Huahengtong) have been prepared in accordance with accounting standards and fairly reflect the company's financial position as of February 28, 2025, and its operating results and cash flows for January to February 2025 [2][3]. Management and Governance Responsibilities - The management of Huahengtong is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [3][4]. - The governance layer is responsible for overseeing the financial reporting process of Huahengtong [3]. Auditor's Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report that includes the audit opinion [4][5]. - The auditor identifies and assesses risks of material misstatement due to fraud or error and designs audit procedures to address these risks [5][6]. Company Overview - Guangxi Huahengtong Energy Technology Co., Ltd. was established on September 22, 2017, with a registered capital of RMB 100 million. The company is located at 31 Chating Road, Beihai City [6][7]. - The company's business scope includes new energy technology consulting, machinery equipment leasing, road cargo transportation, and sales of gas appliances and related components [6]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, reflecting that the company has stable operations and a reasonable asset-liability structure, with no significant adverse risks affecting its ability to continue as a going concern [7][8]. Important Accounting Policies - The company follows the accrual basis of accounting and measures assets at historical cost, with provisions for impairment as necessary [7][8]. - The company uses the weighted average method for inventory cost determination and recognizes inventory at the lower of cost or net realizable value [22][23]. Financial Instruments - Financial assets are classified based on the business model for managing them and their cash flow characteristics, including those measured at amortized cost and those measured at fair value [9][10]. - The company recognizes expected credit losses for financial instruments based on their credit risk stages, with different measurement approaches for each stage [17][18]. Long-term Equity Investments - Long-term equity investments are accounted for using the cost method or the equity method, depending on the level of control or influence the company has over the investee [23][24]. - The company assesses whether there are indications of impairment for long-term equity investments and recognizes impairment losses when necessary [29][30]. Fixed Assets - Fixed assets are recognized at cost and depreciated using the straight-line method over their useful lives, with specific depreciation rates for different asset categories [30][31]. Intangible Assets - Intangible assets are recognized based on contractual or legal rights, with their useful lives determined accordingly. Research phase expenditures are expensed, while development phase expenditures may be capitalized if certain criteria are met [32][34].

Core Viewpoint - The CEO of Baker Hughes emphasizes the safety of all employees and the normal operation of facilities in the Middle East, while refraining from commenting on the potential impact of conflicts on supply [1] Group 1 - The company is actively monitoring and reviewing shipping routes and ports to ensure the safety of equipment and service transportation [1]

智通财经6月4日电，龙源技术(300105.SZ)公告称，为增强南非市场竞争力并满足海外业务布局需要， 公司于6月4日召开董事会审议通过在南非设立分公司的议案。分公司初始运营资金为10万美元，注册地 为南非比勒陀利亚，经营范围包括工程承包、本地采购、技术服务等。此举旨在推动能源领域技术装备 合作，提升公司综合竞争力。然而，设立分公司可能面临投资审批风险和经营管理风险，公司将通过专 业机构支持来应对这些挑战。 龙源技术：拟在南非设立分公司以拓展海外业务 ...