Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) scheduled for June 23, 2025, focusing on maintaining shareholder rights and ensuring orderly proceedings during the meeting [2][3][4]. Meeting Agenda - The AGM will cover various proposals including the 2024 Board of Directors' work report, financial reports, profit distribution plans, and the election of directors and supervisors [3][4][14]. - A proposal regarding loans from China Construction Bank and Bank of China, guaranteed by the company, will also be discussed [3][14]. Financial Performance - The company reported a net profit of 722 million yuan for 2024, a decrease of 25.36% year-on-year, indicating challenges in the dairy industry due to fluctuations in raw milk prices and changing market demands [9][10]. - The company aims to adapt to new market conditions and maintain high-quality product offerings despite short-term challenges [9][10]. Governance and Compliance - The company has revised its governance structures and compliance protocols in line with relevant laws and regulations to enhance operational efficiency and protect shareholder rights [9][10][12]. - The company has established a risk management framework to mitigate financial risks associated with its operations [12][13]. Strategic Initiatives - The company is focusing on digital transformation to improve operational efficiency and enhance sales through e-commerce channels [11][12]. - It is also exploring low-carbon practices and sustainable development initiatives to align with industry trends and consumer preferences [13][20]. Shareholder Engagement - The company is committed to maintaining transparent communication with shareholders, utilizing various platforms for investor relations and feedback [18][19]. - The company has implemented a reminder service for shareholders to ensure participation in the AGM and voting processes [5][6]. Independent Directors' Reports - Independent directors have actively participated in governance, ensuring compliance and protecting the interests of minority shareholders [21][24][31]. - They have focused on key issues such as financial audits, executive compensation, and related party transactions [23][27][32].