Group 1 - The company, Jinzhou, is a leading global supplier of precision micro-drills and tools for PCB applications and is recognized as a national manufacturing single champion enterprise [2] - The company currently lacks authoritative data on the market share of PCB micro-drills [2] - The company was asked about its market share and the market gap for its 680 million micro-drill production capacity, as well as the expected market share after capacity expansion [2]

Meeting Overview - The third supervisory board meeting of Zhuzhou Okoyi CNC Precision Tool Co., Ltd. was held on July 17, 2025, with all three supervisors present, confirming compliance with relevant laws and regulations [1][2]. Resolution Summary - The supervisory board approved the proposal to increase the estimated daily related transactions for 2025, deeming it necessary for normal business operations and compliant with fair pricing principles. This decision supports the company's operational stability and long-term strategic development, without harming the interests of shareholders, especially minority shareholders [1][2]. Voting Results - The voting results showed unanimous support with 3 votes in favor, 0 against, and 0 abstentions. The proposal will be submitted for review at the company's second extraordinary shareholders' meeting in 2025 [2].

Group 1 - The company announced the resignation of non-independent director Mu Menggang due to personal reasons, effective after the election of a new director by the shareholders [1] - Mu Menggang has not held any company shares and has fulfilled his duties diligently during his tenure [1] - The company plans to elect Gu Jianguo as a new non-independent director, pending approval from the shareholders' meeting [1] Group 2 - Gu Jianguo, born in February 1982, has a graduate degree and extensive experience in various financial and analytical roles, including positions at China Mobile and several securities firms [2] - As of the announcement date, Gu Jianguo does not hold any shares in the company and has no related party relationships with major shareholders or company executives [2] - Gu Jianguo meets all legal qualifications to serve as a director and has not faced any penalties from regulatory authorities [2]

Core Viewpoint - The company, Zhuzhou Okoyi Precision Tool Co., Ltd., is increasing its expected daily related transactions for 2025, amounting to 50 million yuan, which is deemed necessary for normal business operations and will not affect the company's independence or harm shareholder interests [1][2]. Group 1: Daily Related Transactions Overview - The company plans to establish a new subsidiary, Okoyi (Shandong) New Energy Technology Co., Ltd., with related parties, completing registration on June 13, 2025 [1]. - The expected transaction amount for 2025 is set at 50 million yuan, which has been unanimously approved by the board of directors [2]. - The independent directors agree that the increase in expected daily related transactions is essential for the company's normal operations and complies with legal regulations [2]. Group 2: Related Parties and Financial Data - The related parties include Jiangsu Ruiqu New Energy Technology Co., Ltd., Yangzhou Xinyong Magnetic Electric Technology Co., Ltd., and others, which hold more than 5% of the new subsidiary [1][14]. - Jiangsu Ruiqu New Energy Technology Co., Ltd. has total assets of 43.0089 million yuan and a net profit of -5.3084 million yuan as of December 31, 2024 [9]. - Yangzhou Xinyong Magnetic Electric Technology Co., Ltd. has total assets of 2.14375 million yuan and a net profit of 0.6769 million yuan as of December 31, 2024 [10]. Group 3: Transaction Details and Impact - The main content of the expected transactions includes purchasing equipment, proprietary technology, and related materials necessary for daily operations [15]. - All transactions will be conducted under written agreements, adhering to fair market pricing principles [15]. - The transactions are expected to positively impact the company's long-term development and will not adversely affect its operational independence or profitability [15].

General Provisions - The company establishes a management system for the shares held by its directors and senior management to clarify procedures based on relevant laws and regulations [1][2] - The system applies to the company and its directors and senior management [1] Share Management - Directors and senior management must notify the board secretary in writing before buying or selling company shares, and the board secretary will verify compliance with laws and regulations [2][3] - Personal information of directors and senior management must be reported to the Shanghai Stock Exchange at specific times, including initial registration and changes in personal information [2][3] Transfer Restrictions - Directors and senior management can transfer no more than 25% of their shares annually, with exceptions for certain circumstances [3][4] - Shares not transferred in a given year will be included in the total for the following year [4] Information Disclosure - Changes in shareholding must be reported within two trading days, including details of the shareholding before and after the change [6][7] - A reduction plan must be reported to the Shanghai Stock Exchange 15 trading days before execution, detailing the number of shares, source, and reasons for reduction [6][7] Legal Responsibilities - The company reserves the right to pursue accountability for violations of the management system by directors and senior management [7] - Directors and senior management may face civil, administrative, or criminal liability for causing losses to investors through violations [7]

Core Viewpoint - The company has established a responsibility accountability system for significant errors in annual report information disclosure to enhance the quality and transparency of its disclosures [2][3]. Group 1: General Principles - The system aims to ensure the authenticity, accuracy, completeness, and timeliness of annual report disclosures [2]. - It applies to directors, senior management, subsidiary heads, controlling shareholders, and other personnel involved in the annual report disclosure process [3]. - The principles of the accountability system include objectivity, fairness, and proportionality between fault and responsibility [3]. Group 2: Circumstances for Accountability - Accountability is triggered by violations of laws and regulations leading to significant omissions or errors in annual report disclosures [4]. - Specific circumstances include failure to adhere to internal control systems, providing inaccurate data, or not following established procedures [4][5]. - The criteria for recognizing significant accounting errors in financial reports include thresholds such as 5% of total audited assets or net profit exceeding 500 million [5]. Group 3: Standards for Reporting Errors - Major errors in annual report disclosures are defined by criteria such as failure to disclose significant accounting policy changes or major lawsuits affecting over 10% of net assets [6]. - Significant discrepancies in performance forecasts are identified when actual results deviate by 20% from forecasts without reasonable explanation [6]. Group 4: Accountability Measures - The company may impose various penalties, including reprimands, demotions, or termination, depending on the severity of the error and the individual's response [7]. - The board of directors is responsible for determining the specific penalties based on the circumstances of each case [7]. Group 5: Implementation and Compliance - The accountability system will be effective upon approval by the board of directors and will be subject to relevant national laws and regulations [7]. - The company will disclose any significant corrections or omissions in its reports as required by regulatory authorities [7].

General Provisions - The company aims to improve its governance structure and clarify the responsibilities and powers of the General Manager, based on relevant laws and regulations [2] - The General Manager is responsible for the daily operations and management of the company and must implement the resolutions of the Board of Directors [2] Appointment and Qualifications of the General Manager - The company appoints one General Manager, nominated by the Chairman and appointed or dismissed by the Board of Directors [3] - Individuals with certain disqualifying conditions, such as legal restrictions or recent sanctions, are not eligible to serve as General Manager [3][4] Powers and Responsibilities of the General Manager - The General Manager is accountable to the Board and has the authority to manage production, implement annual plans, and propose internal management structures [5] - The General Manager cannot alter decisions made by the shareholders or the Board without prior approval, except in urgent situations [6] Deputy General Manager and Other Senior Management - The Deputy General Manager assists the General Manager and is responsible for specific areas of work [9] - The financial manager oversees financial management and must report to the General Manager [5] Decision-Making and Reporting - The General Manager has the authority to approve operational expenditures and investments within the limits set by the Board [12] - Regular meetings are held to discuss major operational and management issues, with records maintained for at least ten years [7][8] Reporting System - The General Manager must regularly report to the Board on various aspects, including the implementation of annual plans and significant contracts [26] - In case of significant changes in operations or financial status, the General Manager is required to inform the Board promptly [28] Final Provisions - The rules become effective upon approval by the Board and are subject to interpretation and revision by the Board [31][32]

General Principles - The company establishes an insider information reporting system to regulate insider information management and enhance confidentiality, in accordance with relevant laws and regulations [1][2] - The system applies to all departments, subsidiaries, and companies that the company can significantly influence [1] Definition of Insider Information - Insider information refers to non-public information that could significantly impact the company's operations, finances, or market price of its securities [1][2] - It includes information as defined in the Securities Law and other significant events recognized by regulatory authorities [1] Insider Information Knowledgeable Persons - Insider information knowledgeable persons include company directors, senior management, major shareholders, and others who can access insider information due to their roles or relationships with the company [2][3] Confidentiality Responsibilities - Knowledgeable persons are obligated to maintain confidentiality before the public disclosure of insider information [3][4] - The company must limit the number of knowledgeable persons to the smallest possible scope before disclosure [3] Record Management of Knowledgeable Persons - The company must maintain a record of knowledgeable persons, including their identities, roles, and the circumstances under which they accessed insider information [4][5] - Specific events such as major asset restructuring or significant share transfers require the submission of knowledgeable persons' records [4][5] Responsibilities of the Board - The board of directors is responsible for ensuring the accuracy and completeness of the knowledgeable persons' records, with the chairman being the primary responsible person [5][6] - The board secretary handles the registration of these records [5] Monitoring and Reporting - The company must conduct self-checks on insider trading activities and report any violations to regulatory authorities within two working days [8][9] - Knowledgeable persons' records and significant event memoranda must be submitted to the Shanghai Stock Exchange within five trading days after the initial public disclosure [8][9] Accountability for Violations - Violations of the insider information management system may result in penalties, and serious cases may be referred to judicial authorities for criminal prosecution [9][10]

Core Points - The article outlines the establishment and operational rules of the Strategic Committee of Zhuzhou Oke Yi CNC Precision Tool Co., Ltd, aimed at enhancing the company's core competitiveness and decision-making quality [1][2] - The committee is responsible for long-term strategic planning and major investment feasibility studies, reporting directly to the board of directors [1][2] Group 1: General Provisions - The Strategic Committee is established to adapt to the company's strategic development needs and improve governance structure [1] - The committee consists of at least three directors, with the chairman of the board serving as the committee's chair [2] Group 2: Responsibilities and Authority - The committee's main responsibilities include reviewing overall development strategies, assessing business performance, and making recommendations to the board [2] - It also supervises the execution of operational plans and investment proposals, evaluates governance status, and manages strategic implementation [2] Group 3: Meeting Rules - Meetings can be proposed by the board, the chair, or a majority of committee members, with notifications sent three days in advance [3] - A quorum requires the presence of more than half of the committee members, and decisions are made by majority vote [3][4] Group 4: Additional Provisions - The committee may invite company directors and external experts to attend meetings for consultation, with the costs covered by the company [4] - Meeting records must be kept for ten years, and all attendees are bound by confidentiality regarding the discussed matters [4][5]

Core Points - The company is named Zhuzhou Oke Precision Cutting Tools Co., Ltd., established as a joint-stock company under Chinese law, with a registered capital of RMB 158.781708 million [1][2] - The company focuses on the domestic production and import substitution of high-precision CNC cutting tools, aiming to become a leading enterprise in intelligent CNC tools [3][4] - The company was approved for public offering of 25 million shares and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 10, 2020 [1][2] Company Structure - The company is a permanent joint-stock company, with the chairman serving as the legal representative [2] - The company has a total of 158.781708 million shares issued, all of which are ordinary shares [5][6] - The company prohibits financial assistance for acquiring its shares, except for employee stock ownership plans [6][7] Share Issuance and Management - Shares are issued based on principles of openness, fairness, and justice, with equal rights for each share of the same category [4][5] - The company can increase capital through various methods, including issuing shares to unspecified objects or existing shareholders [6][7] - The company can reduce registered capital following legal procedures [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise management, and request information [9][10] - Shareholders are obligated to comply with laws and the company's articles of association, and they cannot withdraw their capital except as legally permitted [14][15] - Major shareholders and actual controllers must exercise their rights in accordance with laws and regulations, ensuring the protection of the company's interests [42][43] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [48][49] - Shareholder proposals must be submitted within a specified timeframe, and the company must provide adequate notice of meetings [58][60] - Decisions at shareholder meetings require a majority or two-thirds majority vote, depending on the nature of the resolution [80][82]