Core Viewpoint - The company has decided to dissolve its wholly-owned subsidiary, Jiangsu Baoli Asphalt Co., Ltd., to enhance asset management efficiency, optimize resource allocation, and reduce management costs [1]. Group 1: Company Decision - The board of directors approved the proposal to dissolve Jiangsu Baoli Asphalt Co., Ltd. during the 22nd meeting of the 6th board session held on June 25, 2025 [1]. - The dissolution does not involve related transactions, does not constitute a major asset restructuring, and does not require approval from the shareholders' meeting [1]. Group 2: Subsidiary Information - Jiangsu Baoli Asphalt Co., Ltd. is a limited liability company with a registered capital of 10 million yuan, located at 502 Chengyang Road, Jiangyin City [1]. - The subsidiary's business scope includes the production of asphalt and high-strength structural asphalt materials, new material technology development, and various consulting services [1]. Group 3: Impact of Dissolution - The dissolution of the subsidiary is not expected to have a significant impact on the overall business development and profitability of the company [1]. - The scope of the company's consolidated financial statements will change accordingly, but there will be no substantial impact on the consolidated financial statements [1].