Core Viewpoint - The legal opinion letter confirms that the 2024 annual general meeting of Hainan Haide Capital Management Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legality and validity of the meeting and its resolutions [4][6][8]. Group 1: Meeting Procedures - The notice for the 2024 annual general meeting was published, stating the meeting would be held on May 19, 2025, with details on the agenda, time, and location [5]. - The meeting was held at the specified location and was presided over by the chairman of the board, completing all agenda items as planned [5][6]. - The meeting adhered to the legal procedures outlined in the Company Law, Securities Law, and the company's own regulations [6][8]. Group 2: Attendance and Qualifications - Eligible attendees included all ordinary shareholders registered by May 14, 2025, and their authorized representatives, along with company directors, supervisors, and other necessary personnel [6]. - A total of 239 attendees were present, representing 1,480,578,016 shares, which is 75.75% of the total shares [7]. - The qualifications of the attendees and the convenor of the meeting were verified and found to be compliant with legal and regulatory requirements [7][8]. Group 3: Voting and Resolutions - The meeting utilized a combination of on-site and online voting, with results being recorded for each agenda item [8]. - All proposed resolutions were passed, with certain resolutions receiving over two-thirds approval from the attending shareholders [8]. - The voting procedures and results were confirmed to be in accordance with relevant laws and the company's articles of association [8].

Core Viewpoint - The escalating military conflict between India and Pakistan has led to a significant drop in the Pakistan stock market, triggering a trading halt due to a decline of over 7% in the KSE-100 index, which fell by more than 8500 points [1][3]. Group 1: Market Impact - The Pakistan stock market experienced a sharp decline, with the KSE-100 index dropping over 8500 points, resulting in a trading suspension for one hour [1]. - Following the announcement of the Pakistani military shooting down 12 Indian drones, the market's decline intensified, indicating heightened tensions between the two nuclear-armed nations [3]. Group 2: Military Actions and Responses - The conflict escalated after a recent attack in the Kashmir region that resulted in 26 civilian deaths, with India accusing Pakistan of involvement, which Pakistan denies [4]. - Pakistan's military spokesperson confirmed the downing of Indian drones, which were reportedly responsible for civilian casualties, further aggravating the situation [3]. - In retaliation to Indian military strikes, Pakistan's Prime Minister stated that the country would respond appropriately, indicating a potential for continued military engagement [4][5]. Group 3: Political Statements - Pakistan's Prime Minister described India's military actions as illegal acts of war, asserting that Pakistani pilots successfully engaged Indian aircraft during the conflict [5]. - Indian officials emphasized their intent to avoid escalation while maintaining a readiness to respond to any actions taken by Pakistan [7].