Core Viewpoint - The company has established a fundraising management system to regulate the use and management of raised funds, enhance their effectiveness, and protect investors' rights [1][2]. Group 1: Fundraising Management - The funds raised are defined as those obtained through the issuance of stocks or other equity-like securities, excluding funds raised for equity incentive plans [2]. - The company must use the raised funds specifically for their intended purposes, aligning with national industrial policies and sustainable development principles [2][3]. - The board of directors is responsible for continuously monitoring the management and use of raised funds to prevent investment risks and ensure safety [3][4]. Group 2: Fund Storage and Usage - The company is required to open a special account for the raised funds, ensuring that these funds are not mixed with other funds or used for unrelated purposes [4][5]. - Upon receipt of the funds, the company must complete verification procedures and sign a tripartite supervision agreement with the sponsor and the bank [5][6]. - The company can manage temporarily idle raised funds through cash management, ensuring that such management does not affect the normal progress of investment plans [8][9]. Group 3: Project Feasibility and Adjustments - If a fundraising project encounters significant changes in market conditions or is delayed for over a year, the company must reassess its feasibility and disclose any necessary adjustments [6][7]. - The company is prohibited from using raised funds for financial investments or providing them to related parties for improper benefits [7][8]. - Any changes in the use of raised funds must be approved by the board and disclosed to shareholders [12][13]. Group 4: Reporting and Supervision - The company must accurately disclose the actual use of raised funds and report any significant deviations from the investment plan [14][15]. - An annual audit must be conducted by an accounting firm to verify the management and use of raised funds, with findings disclosed in the annual report [15][16]. - The company and its related parties will face consequences for violations of the fundraising management system [31].

General Principles - The company aims to enhance the quality of information disclosure and standardize its practices to protect investors' rights [1][2] - Information disclosure refers to the release of information that may significantly impact the trading price of the company's stock and derivatives, which must be made public within a specified timeframe [1] Disclosure Obligations - Company directors and senior management must ensure that disclosed information is truthful, accurate, complete, timely, and fair [2] - An insider information management system must be established to limit the number of individuals privy to insider information before its public disclosure [2][3] - The company should proactively disclose information that may materially affect shareholders and stakeholders' decisions, ensuring equal access to all shareholders [2][3] Disclosure Standards - Disclosure documents must be clear, concise, and free from excessive jargon or ambiguous expressions [3] - All disclosures must be submitted to the Shanghai Stock Exchange (SSE) and published on designated media and the company's website [3][4] - The company must respond truthfully to inquiries from the SSE regarding disclosed matters within the stipulated timeframe [4] Reporting Requirements - The company is required to disclose periodic reports, including annual, semi-annual, and quarterly reports, within specified deadlines [8][9] - Annual reports must be disclosed within four months after the end of the fiscal year, semi-annual reports within two months, and quarterly reports within one month [8][9] - If the company anticipates delays in disclosing periodic reports, it must announce the reasons and expected timelines for disclosure [9][10] Major Events Disclosure - The company must promptly disclose significant events that may impact its stock price, including changes in corporate structure, management, or financial conditions [13][14] - Major events include significant lawsuits, changes in business strategy, or any developments that could materially affect the company's operations or financial status [14][21] Internal Management of Disclosure - The board of directors is responsible for overseeing the company's information disclosure, with the chairman serving as the primary responsible person [30][31] - The board secretary coordinates disclosure activities, ensuring compliance with regulations and timely reporting of significant events [30][31] - All disclosures must be made in the form of board announcements, and unauthorized disclosures by directors or senior management are prohibited [30][31]

Company Overview - A new company named Hejiang Green Recycling Resources Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Chen Lei [1] Business Scope - The company operates in various sectors including general projects such as recycling of renewable resources (excluding production waste metals), sales of renewable resources, and processing of renewable resources [1] - It also focuses on technology research and development for resource recycling, recovery of production waste metals, and processing of non-metal waste and scraps [1] - Additional services include solid waste management, handling and transportation, and recovery and dismantling of scrapped agricultural machinery [1] Special Projects - The company is involved in the recycling and secondary utilization of used power batteries from new energy vehicles (excluding hazardous waste operations) [1] - It has several licensed projects including building demolition (excluding blasting operations), road cargo transportation (excluding hazardous goods), and urban construction waste disposal [1] - The company is also authorized to handle scrapped motor vehicles, electric vehicles, and ship dismantling [1]

Core Viewpoint - Hebei Xiong'an Chichang Recycling Resources Sales Co., Ltd. has been established with a registered capital of 200,000 RMB, focusing on various sales and services related to recycling resources and metal materials [1] Company Overview - The company is represented by Shan Genshu and operates in the recycling resources sector [1] - The registered capital is 200,000 RMB [1] Business Scope - The business activities include general projects such as: - Recycling resources sales - Sales of non-ferrous metal alloys - Sales of high-performance non-ferrous metals and alloy materials - Sales of metal materials and ores - Sales of metal products and wire ropes [1] - Additional activities encompass: - Sales of non-metallic minerals and products - Sales of new metal functional materials - Sales of electrical wires, cables, and construction materials - Retail of hardware products, electrical equipment, electronic products, plastic products, rubber products, and automotive parts [1] - The company also provides ordinary goods warehousing services, excluding hazardous chemicals that require approval [1]

Group 1 - The establishment of Puning Hengjian Renewable Resources Co., Ltd. with a registered capital of 1 million RMB [1] - The company's business scope includes general projects such as renewable resource sales, recycling, construction materials sales, and municipal facility management [1] - The company is authorized to engage in urban construction waste disposal, subject to approval from relevant authorities [1] Group 2 - The company is involved in various services including water environment pollution prevention, earthwork engineering construction, and mechanical equipment leasing [1] - The operational activities are conducted in accordance with the business license and relevant regulatory approvals [1] - The company focuses on sustainable practices by engaging in recycling and waste management services [1]

Summary of Key Points Core Viewpoint - The company has initiated a share repurchase program to enhance shareholder value and implement an employee stock ownership plan, with a total expected repurchase amount between RMB 40 million and RMB 80 million [1][2]. Group 1: Share Repurchase Plan - The share repurchase plan was first disclosed on April 8, 2025, and will be implemented from April 8, 2025, to April 7, 2026 [1]. - The maximum repurchase price is set at RMB 41.44 per share, with a minimum expected repurchase amount of RMB 40 million [1][2]. - The company has already repurchased a total of 38,154 shares, which accounts for 0.02% of the total share capital, with a total expenditure of RMB 973,465.25 [1][2]. Group 2: Progress of Share Repurchase - Following the annual equity distribution for 2024, the maximum repurchase price was adjusted to RMB 41.38 per share [2]. - The highest transaction price during the repurchase was RMB 25.59 per share, while the lowest was RMB 25.44 per share [2]. - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations regarding the progress of the share repurchase [2].

Core Viewpoint - The company, Yingke Recycling Resources Co., Ltd., has announced a cash dividend distribution plan, with a total cash dividend of 11,233,596.60 RMB to be distributed to shareholders [2][3]. Dividend Distribution Plan - The cash dividend is set at 0.06 RMB per share (including tax), based on a total share capital of 187,226,610 shares [2]. - The distribution plan was approved at the annual shareholders' meeting held on May 20, 2025 [2]. Relevant Dates - The key dates for the dividend distribution are as follows: - Record date: To be determined - Ex-dividend date: To be determined - Dividend payment date: To be determined [2]. Taxation Details - For individual shareholders holding unrestricted circulating shares, dividends are subject to different tax treatments based on the holding period: - Holding period over 1 year: Tax exempt on dividend income - Holding period within 1 month: Tax rate of 20% on dividend income [3]. - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of 0.054 RMB per share [4][5]. - For Hong Kong Stock Exchange investors, the same 10% withholding tax applies, leading to a net dividend of 0.054 RMB per share [5]. Contact Information - For any inquiries regarding the dividend distribution, shareholders can contact the board office of Yingke Recycling Resources Co., Ltd. at 0533-6097778 [5].