Group 1 - The company held its 18th meeting of the 5th Board of Directors on July 11, 2025, with all members present, complying with relevant laws and regulations [1] - The Board approved a proposal to apply for a comprehensive credit facility from banks, with a total amount not exceeding RMB 50 million, aimed at supporting the company's operational funding needs [1][2] - The credit facility will be available for cyclical use during the credit period, and the actual financing amount will depend on the company's daily operational capital requirements [2] Group 2 - The proposal received unanimous approval with 7 votes in favor, and no votes against or abstentions [1] - The Chairman, Mr. Shen Jianbiao, is authorized to sign legal documents related to the credit facility within the approved limit [1]