Core Viewpoint - The company is optimistic about the new labor policy's impact on the human resources service industry, emphasizing its long-standing experience in social security services and its commitment to supporting government initiatives for universal social security [2]. Group 1: Business Performance - The company's stock price remained stable at 5.36 yuan, with a market capitalization of 12.24 billion yuan, ranking 2nd in the professional services sector [1]. - The human resources management business has maintained a stable client base, with 60% of new clients coming from domestic enterprises, indicating a significant increase in demand from private companies [3][5]. - The company has seen a slight decline in the gross margin of its human resources management business due to economic fluctuations and increased service demands, but it remains at a relatively high level [3]. Group 2: Technological Integration - The company has integrated AI technology into its recruitment processes, achieving full automation and improving efficiency in flexible employment matching [5][6]. - AI technology is utilized for resume screening and candidate tracking in basic recruitment, and for job matching analysis in mid-to-high-end recruitment [2]. Group 3: Strategic Development - The company is focused on enhancing its core competitiveness and internal value through product upgrades and market expansion, including mergers and acquisitions to strengthen its service capabilities [4]. - Recent acquisitions of shares in Yuanmao Co. and Jiangmen Technology have expanded the company's service coverage in the business outsourcing vertical [4][5]. - The company aims to explore new professional sectors for outsourcing, such as the gaming and liquor industries, to maintain high growth rates in its outsourcing business [6]. Group 4: International Expansion - The company has actively pursued overseas markets, particularly in Southeast Asia, signing 19 new clients and establishing a partner network in the Asia-Pacific region [6]. - The establishment of the Shanghai Production-Training Integration Skills Development Center aims to enhance skill training across various industries, including AI and biomedicine [7]. Group 5: Corporate Governance - The company emphasizes fair and reasonable daily related transactions, ensuring no harm to shareholders, especially minority shareholders [7]. - The implementation of equity incentives aims to retain core talent and align individual benefits with the company's long-term value growth [8].

Meeting Notice - The company has established a secretariat for the shareholders' meeting to ensure the legal rights of investors and maintain order during the meeting [1] - Only registered shareholders or their agents, directors, supervisors, senior management, invited lawyers, and other invited personnel are allowed to attend the meeting [2] - Shareholders must arrive on time, sign in, and participate in the meeting [2] Meeting Agenda - The meeting will start with the host announcing the commencement and attendance [3] - Shareholders will review and vote on proposals, followed by a Q&A session [3] Financial Performance - In 2024, the company achieved a revenue of 22.31 billion yuan, a year-on-year increase of 16.45% [3][22] - The net profit attributable to shareholders was 1.09 billion yuan, up 85.41% year-on-year [3][22] - The net assets attributable to shareholders reached 5.07 billion yuan, reflecting a 19.44% increase [3][22] - Earnings per share were reported at 0.4792 yuan, with a return on equity of 23.42% [3][22] Business Development - The company focused on sustainable and high-quality development, enhancing its core competencies in various service areas [4][12] - Significant growth was noted in personnel management and talent dispatch services, with 22 new large contracts signed [4][5] - The recruitment and flexible employment sectors saw a revenue increase of 12.55%, with a 20% rise in service users [5][12] Digital Transformation - The company has made strides in digital transformation, enhancing its digital capabilities and launching new digital products [6][15] - A new AI platform is being developed to support human resources services [7][14] International Expansion - The company is actively involved in international market development, providing comprehensive services for companies looking to expand abroad [8][12] - It has established a one-stop service center for foreign personnel at major airports [8] Governance and Compliance - The board of directors has held multiple meetings to ensure compliance with legal and regulatory requirements [9][10] - The company has revised its governance documents to align with the latest regulatory standards [11][12] Future Outlook - The company aims to enhance its core functions and competitiveness while supporting national strategies [12][13] - Plans include expanding services for high-end talent and improving campus recruitment solutions [12][13]