Group 1 - The core meeting on the high-quality development of vocational education in Yangjiang was held on September 19, 2025, summarizing previous work and mobilizing for the next phase [1] - Yangjiang currently has eight vocational schools, including one national demonstration school, two provincial high-level schools, and three provincial key schools, with a steady expansion in vocational education scale reaching 22,670 students in 2025 [1] - The vocational schools in Yangjiang offer 54 programs covering various fields such as intelligent manufacturing, modern services, health care, cultural arts, and emerging technologies, aligning with regional industrial needs [1] Group 2 - In the past three years, 28 students from Yangjiang's vocational schools have entered undergraduate institutions through the "3+ certificate" examination, with three students admitted to public universities [1] - The graduation rate of vocational schools in Yangjiang exceeded 70% in 2025, while the employment rate remained above 98%, with high satisfaction from employers [1] - Yangchun Vocational Technical School has achieved an impressive graduation rate of over 99% for three consecutive years through the "3+ certificate" examination [1] Group 3 - Students from Yangjiang's vocational schools have achieved significant success in various competitions, including three world-level awards, five national-level awards, and 415 provincial-level awards in the past three years [1] - Yangchun Vocational Technical School students won five national competition awards and 22 awards in provincial vocational college skill competitions, representing China in the 2025 BRICS Skills Development and Technology Innovation Competition, winning silver and bronze medals in the industrial robotics category [1] Group 4 - To promote breakthroughs in vocational education, Yangjiang will focus on key areas and implement the "Sunshine Campus" four-dimensional protection project, aiming for a healthy, safe, and positive campus environment [2] - The project targets "no mobile phone interference, no tobacco harm, no inappropriate interactions, and no bullying shadows," enhancing institutional constraints, educational guidance, and technical control [2] - The initiative aims to build a collaborative education mechanism involving families and multiple parties [2]

Core Viewpoint - The company is actively pursuing strategic transformation across four key areas to seize growth opportunities and respond to industry dynamics Group 1: Strategic Transformation Areas - Optimization of undergraduate education platform through increased investment in high-quality faculty recruitment, research capability enhancement, and modernization of curriculum systems. Some institutions are actively applying for master's degree granting rights to enhance academic reputation and attractiveness [1] - Adjustment of vocational education sector by upgrading certain vocational projects towards higher vocational or academic pathways, while optimizing course offerings and improving operational efficiency to enhance overall competitiveness [2] Group 2: Project Management and Financial Strategy - Strengthening of project execution discipline by strictly controlling capital project investments to ensure efficiency, significant impact, and timely delivery. Improved project management processes guarantee project quality, budget control, and timely delivery, laying a foundation for long-term growth and academic excellence [3] - Expansion of financial strength and financing channels by actively seeking cost-effective funding support from international financial institutions, prioritizing the use of RMB financing to enhance financial resilience and mitigate foreign exchange risks [4] Group 3: Financial Stability and Shareholder Value - The company aims to achieve higher academic achievements, operational excellence, and sustainable financial growth. Maintaining financial stability remains a top priority, with a cautious approach to cash flow management to ensure a solid financial foundation for debt repayment and future investments [5] - The company is reviewing capital management strategies, focusing on evaluating the relative advantages of dividend distribution versus share buybacks. In the current market environment, the company prioritizes debt repayment and maintaining liquidity stability to address tightening financial conditions and upcoming debt arrangements, thereby avoiding cross-default risks and ensuring operational stability [5] - The board will continue to adopt a prudent and comprehensive approach in considering dividend declarations, assessing the company's financial condition, strategic capital needs, and external market changes to ensure a balanced and forward-looking capital allocation strategy that enhances financial resilience and supports long-term shareholder returns [6]