Group 1 - The company held its ninth meeting of the fifth board of directors on December 4, 2025, with all nine directors present, confirming the legality and validity of the meeting [2][3]. - The board approved three key proposals: the election of an independent director, the establishment of a compensation management system for directors and senior management, and the convening of the first extraordinary general meeting of shareholders for 2025 [3][6][9]. - The independent director Chen Peikun submitted his resignation, effective after the election of a new independent director, which is necessary to maintain compliance with regulations regarding the proportion of independent directors on the board [11][12]. Group 2 - The board nominated Liang Mingduan as the candidate for the independent director position, pending approval from the Shenzhen Stock Exchange and the upcoming shareholder meeting [12][13]. - Liang Mingduan is a qualified accountant with extensive experience and has no conflicts of interest with the company or its major shareholders [16][17]. - The first extraordinary general meeting of shareholders is scheduled for December 22, 2025, to discuss the approved proposals and other matters [80][81].

Core Viewpoint - The article highlights the recovery of the IPO process for Jiangxi Aifenda Heating Technology Co., Ltd., emphasizing its leading position in the electric towel rack industry and its commitment to technological innovation and smart manufacturing, projecting a revenue breakthrough of 1 billion yuan in 2024 [1][4]. Group 1: Company Overview - Aifenda specializes in the research, production, and sales of electric towel racks, leveraging nearly 20 years of experience in the industry [2]. - The company has established strong partnerships with international building material giants and has a sales network covering major developed markets such as the UK, Germany, and France [1][4]. Group 2: Technological Innovation - Aifenda has developed a comprehensive technology matrix covering the entire product supply chain, introducing advanced features such as smart connectivity and precise temperature control in its electric towel racks [2]. - The company has invested significantly in R&D, with expenses increasing from 25.27 million yuan in 2022 to 33.34 million yuan in 2024, resulting in a patent portfolio of 736, including 87 invention patents [3]. Group 3: Market Performance - In 2022, Aifenda sold over 1.4 million towel racks, making it one of the largest manufacturers in China and a key supplier in the European market [4]. - The company's revenue has shown a compound annual growth rate (CAGR) of 12.15% from 2020 to 2024, with projected revenue reaching 1.05 billion yuan in 2024, reflecting a year-on-year growth of 26.44% [5]. Group 4: Smart Manufacturing - Aifenda has made significant strides in smart manufacturing, establishing the first intelligent unmanned production line for electric towel racks in China and achieving L7-level certification for digital development [6]. - The company's gross margin improved from 20.84% in 2020 to 27.34% in 2024, indicating enhanced profitability driven by smart manufacturing practices [6]. Group 5: Market Expansion Strategy - Aifenda has focused on both international and domestic markets, leveraging its established presence in Europe while expanding into emerging markets like Kazakhstan and Poland [7]. - The company is also capitalizing on the domestic renovation trend, utilizing e-commerce platforms and strategic partnerships with leading real estate firms to enhance its market reach [7][8].