Fundraising Overview - The company has been approved by the China Securities Regulatory Commission to conduct a non-public offering of shares, raising a total of RMB 589,055,124.31 with a share price of RMB 28.03 [1] - The net amount raised from this non-public offering is RMB 589,055,124.31, verified by Huaxing Accounting Firm [1] Fund Management and Usage - The company has established a fundraising management system to ensure the proper use of raised funds, implementing strict approval processes and dedicated account management [1] - The company signed tripartite supervision agreements with various banks to regulate the management of the raised funds [2] Project Adjustments - In September 2023, the company held a shareholder meeting to approve changes to the implementation subject, location, investment structure, and funding methods for the "Destination Charging Station Construction Project" [3] - The remaining raised funds have been transferred to a newly established special account for the project, managed by a subsidiary [4] Project Completion and Fund Reallocation - The company has completed the construction contracts for previously implemented projects and has transferred all remaining funds to the new special account for further investment [4] - The company has decided to terminate the "Destination Charging Station Construction Project" and the "New Energy Vehicle Charging Equipment and Operation Platform Development Project," reallocating the remaining funds to supplement working capital [5] Account Closure - The company has completed the closure of the fundraising special accounts as of December 2024, with all balances transferred to the general account [5] - The tripartite supervision agreements related to the closed accounts have also been terminated [5]

Core Viewpoint - Guangdong Xiangshan Weighing Instrument Group Co., Ltd. has approved a share repurchase plan, intending to use between RMB 60 million and RMB 120 million to buy back shares for employee stock ownership and incentive plans [1][2]. Group 1: Share Repurchase Plan - The company plans to repurchase shares at a price not exceeding RMB 35 per share through centralized bidding [1]. - The repurchase will utilize self-owned funds and/or special loans for share buybacks [1]. - As of May 31, 2025, the company has not yet implemented the share repurchase [1]. Group 2: Disclosure and Compliance - The company will disclose the progress of the share repurchase in accordance with relevant laws and regulations, specifically announcing updates within the first three trading days of each month [2]. - Investors are advised to pay attention to investment risks associated with the share repurchase [2].

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders for 2025 on May 16, 2025 [1][2] - The meeting will be convened by the board of directors and complies with relevant laws and regulations [1][2] Voting Details - Voting will be conducted through a combination of on-site and online methods, with specific voting times set for May 16, 2025, from 9:15 AM [2] - The record date for shareholders eligible to attend the meeting is May 9, 2025 [2] Attendance and Registration - All ordinary shareholders have the right to attend, and those unable to attend can authorize a proxy to vote on their behalf [2][5] - Registration for the meeting will take place on May 14, 2025, with specific requirements for documentation [5] Agenda Items - The meeting will discuss several proposals, including the issuance of shares to specific targets and the feasibility of using raised funds [3][4][12] - Other proposals include the approval of previous fundraising usage reports and the election of non-independent directors [4][12][13] Additional Information - The meeting is expected to last half a day, and attendees will bear their own travel and accommodation costs [6] - In case of network voting system issues, the meeting's progress will be notified accordingly [6]

Core Viewpoint - Xiangshan Co., Ltd. plans to issue shares to specific investors, aiming to raise no more than 811.79 million yuan, which will be used to supplement working capital [1][2]. Group 1: Share Issuance Details - The share issuance will involve a maximum of 32,879,402 shares, which does not exceed 30% of the total share capital prior to the issuance [2]. - The issuance price is set at 24.69 yuan per share, which is 80% of the average trading price over the previous 20 trading days [1][2]. - The controlling shareholder, Ningbo Joyson Electronic Corp., will subscribe to the entire issuance amount in cash [1][2]. Group 2: Shareholding Changes - After the issuance, Ningbo Joyson Electronic Corp. will hold a total of 72,501,002 shares, representing 43.95% of Xiangshan's total share capital [2]. - The issuance will not change the controlling shareholder or the actual controller of Xiangshan Co., Ltd. [2]. Group 3: Regulatory Compliance - The issuance triggers a mandatory tender offer obligation for Ningbo Joyson Electronic Corp. due to the increase in shareholding above 30% [2][3]. - The company’s board has proposed to the shareholders' meeting to approve the exemption from the tender offer requirement for the investor [3]. Group 4: Previous Fundraising - In 2022, Xiangshan Co., Ltd. raised approximately 599.99 million yuan through a private placement of 21,405,636 shares at a price of 28.03 yuan per share [4]. - The net proceeds from the previous fundraising were confirmed by an audit report from Huaxing Accounting Firm [4].