Group 1 - The core point of the article is that Yalian Development (SZ 002316) announced a board meeting to discuss a proposal for capital reduction and equity transfer of its subsidiary [1] - The meeting took place on October 27, 2025, in Dalian, Liaoning Province, combining on-site and remote voting methods [1] - As of the report, Yalian Development has a market capitalization of 2.1 billion yuan [1] Group 2 - For the first half of 2025, Yalian Development's revenue composition is as follows: transportation accounted for 42.73%, electricity industry 41.53%, biocellulose substrate industry 7.75%, agriculture and animal husbandry 7.66%, and other businesses 0.34% [1]