Group 1: Company Initiatives and Marketing Strategies - The company has not yet entered the IP economy but has engaged in city-specific marketing events that exhibit IP characteristics, such as "长安相箭" in Xi'an and "京城相箭" in Beijing, integrating smart products with local cultural elements [1] - The "Arrow Brand Ze Plan" has launched various public welfare initiatives like "I Plant a Hair for the Earth" and "Let Love Start Bathing," aiming to innovate in public welfare practices and encourage community involvement [2] Group 2: Financial Performance and Investor Confidence - The company's stock price has consistently remained below the issue price, with a noticeable decline in performance; however, the company emphasizes its long-term value driven by core competitiveness and innovation [2] - In the second half of 2025, the company plans to focus on retail channel development and aims to enhance store efficiency through a comprehensive rollout of its store effectiveness project [2] Group 3: Share Buyback Programs - The company has implemented multiple share buyback plans, with a total of 12.50 million shares repurchased for approximately 99.97 million yuan as of October 25, 2024 [3] - As of August 2025, the cumulative share buyback reached 19.18 million shares, accounting for 1.98% of the total share capital, with a total expenditure of 154.95 million yuan [3] Group 4: Communication and Transparency - The company is committed to enhancing communication with investors and improving the quality and transparency of information disclosure to foster a deeper understanding of its true value and strategic direction [4]