Group 1 - The core point of the article is that Zhenghe Industrial held its 16th meeting of the 4th Board of Directors on September 19, 2025, to review governance system amendments [1] - For the first half of 2025, Zhenghe Industrial's revenue composition was entirely from the vehicle chain system, accounting for 100.0% [1] - As of the report date, Zhenghe Industrial's market capitalization was 4.3 billion yuan [1]

Group 1 - The core viewpoint of the article is that Zhenghe Industrial has approved a plan to issue shares to specific investors, aiming to raise up to 818 million yuan [3] - The share issuance will involve no more than 24.525 million shares, which is calculated based on the total share capital as of June 30, 2025 [3] - The issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark [3] Group 2 - As of the first half of 2025, the revenue composition of Zhenghe Industrial is entirely from vehicle chain systems, accounting for 100% [1]