Core Viewpoint - The company is facing internal governance issues, particularly regarding the appointment of Wang Xiangting as the deputy general manager and board secretary, which has been opposed by board member Bao Jialian due to concerns over Wang's qualifications and experience [1][3]. Group 1: Governance Issues - Bao Jialian has cast three consecutive votes against the appointment of Wang Xiangting, citing a lack of professional knowledge, experience, and good professional ethics [1]. - Bao criticized Wang for being out of touch with the rules of listed companies since leaving his previous position in 2021, indicating that he relies heavily on colleagues in the securities department to perform his duties [3]. - The company has experienced significant turnover in its management, with nearly ten executives changing in two years, primarily due to conflicts between short-term needs of the chairman and long-term compliance requirements [3]. Group 2: Shareholding Structure - As of June 2025, Bao Jialian holds 29.13% of the company's shares, making her the second-largest shareholder, while the largest shareholder, Jin Liwei, holds 30.13% [5]. Group 3: Company Performance - Reliable Co., Ltd. reported a revenue of 549 million yuan for the first half of 2025, representing a year-on-year increase of 5.4% [6]. - The net profit attributable to the parent company was 28.28 million yuan, up 21.8% year-on-year, while the net profit excluding non-recurring items was 24.85 million yuan, reflecting a 15.4% increase [6].