Group 1 - The company held its fifth supervisory board meeting on December 2, 2025, via telecommunication, with all five supervisors participating in the vote, confirming the meeting's legality [2][3]. - The supervisory board approved the proposal to purchase a 41% stake in Hunan Meter New Materials Technology Co., Ltd., which aligns with the company's development strategy of focusing on resources and enhancing synergy [3][9]. - The transaction price is set at approximately 260.63 million yuan, based on an asset evaluation conducted by a qualified third-party institution, ensuring fairness and reasonableness in pricing [9][11]. Group 2 - The company will hold a total of 61% of the shares in Hunan Meter New Materials after the acquisition, thus becoming the controlling shareholder [11][27]. - The transaction does not constitute a major asset restructuring and has been approved by both the board of directors and the supervisory board, with related parties abstaining from voting [9][14]. - The past 12 months saw 163 related transactions with the controlling shareholder, totaling 15.88 million yuan, which is 0.19% of the company's latest audited net assets [9][16]. Group 3 - The evaluation of Hunan Meter's total equity was approximately 629.64 million yuan as of September 30, 2025, indicating a significant increase in value [11][24]. - The company plans to enhance its revenue and profit scale through this acquisition, which is expected to improve its competitive position in the market [31][32]. - The acquisition will not affect the company's shareholding structure as it is a cash transaction [31].