Group 1 - The company held its first extraordinary general meeting of shareholders on December 2, 2025, in Shaoxing, Zhejiang Province [2][3] - All resolutions presented at the meeting were approved, including the cancellation of the supervisory board and adjustments to the number of directors [4][5] - The meeting was conducted in compliance with relevant laws and regulations, with legal counsel present to witness the proceedings [7] Group 2 - The company announced the use of idle self-owned funds for entrusted wealth management, with a maximum amount not exceeding RMB 300 million [10] - As of the announcement date, the company had utilized RMB 260 million to purchase wealth management products from CITIC Securities [11] - The company emphasized that the wealth management activities would not affect its normal business operations and would enhance fund utilization efficiency [12]

Core Viewpoint - The company plans to invest up to 500 million yuan in various financial products using its idle funds, which has been approved by the board of directors and is valid for 12 months [2] Group 1 - The company intends to use its own funds to purchase bank wealth management products, securities firm wealth management products, trust wealth management products, and public or private funds issued by other financial institutions [2] - The maximum balance for this investment is set at 500 million yuan [2] - The decision has been approved by the company's fifth board of directors during its seventeenth meeting and does not require shareholder approval [2]

Core Viewpoint - The company plans to invest up to 500 million yuan of its idle funds in various financial products, including bank wealth management products, securities firm wealth management products, trust wealth management products, and public or private funds issued by other financial institutions [1] Group 1 - The investment will utilize a maximum daily balance of 500 million yuan [1] - The funding source for this investment will be the company's idle self-owned funds [1] - The decision has been approved by the company's fifth board of directors in its seventeenth meeting and does not require shareholder approval [1] Group 2 - The investment authorization is valid for 12 months from the date of board approval [1]

Core Viewpoint - The company has released its third-quarter financial report, ensuring the accuracy and completeness of the information disclosed, and confirming that the report has not been audited [2][3][8]. Financial Data - The company reported that there are no adjustments or restatements needed for previous accounting data [3]. - The company confirmed that there are no non-recurring profit and loss items applicable for this quarter [3]. - As of the end of the reporting period, the company has a trust financial balance of 440.93 million yuan, with specific losses recognized for fair value changes totaling 31.42 million yuan [5]. Shareholder Information - The total number of ordinary shareholders is not specified, but the company holds 2,041,950 shares in its repurchase account, accounting for 0.89% of the total share capital [5]. - There are no changes reported in the top ten shareholders or in the lending of shares for margin trading [5]. Board Meeting - The sixth board meeting was held on October 29, 2025, with all nine directors present, and the meeting complied with relevant legal and regulatory requirements [10][12]. - The board unanimously approved the third-quarter report, with a voting result of 9 in favor, 0 abstentions, and 0 against [12].

Group 1 - The board meeting of Zhonglu Co., Ltd. was held on August 15, 2025, with all six directors present, and the meeting was deemed legal and effective [1] - The company approved the use of up to RMB 50 million of idle funds for purchasing high-security and liquid financial products, with the authorization valid for 12 months [2] - The board agreed to recognize an asset impairment provision of RMB 2.3534 million, reflecting the company's financial status and asset value [3] Group 2 - The company revised several internal regulations, including the Independent Director Special Meeting Work Rules and the Related Party Transaction Management System, with unanimous approval from the board [4][5] - Zhonglu Co., Ltd. plans to invest RMB 10 million in Beijing Fulei Technology Co., Ltd., acquiring a 6.25% stake while maintaining the control of the target company [5]

Investment Overview - The company plans to invest up to 50 million RMB of idle self-owned funds in entrusted wealth management products while ensuring fund safety and operational liquidity [2][3] - The investment will include high-security and liquid financial products such as bank wealth management products, broker wealth management products, trust wealth management products, and other types like public and private fund products [2][3] Investment Purpose - The objective is to improve the efficiency of self-owned fund utilization without affecting the daily operational cash flow [2] Investment Amount and Source - The total investment amount is capped at 50 million RMB, sourced from the company's idle self-owned funds [2] Investment Method - The company will control risks by selecting high-security and liquid investment products, with the management team authorized to make investment decisions and sign relevant legal documents [2][3] Investment Duration - The authorization for the entrusted wealth management investment is valid for 12 months from the date of the board's approval, allowing for rolling use of funds within this limit [2] Approval Process - The board of directors approved the investment proposal on August 15, 2025, and this matter does not require submission to the shareholders' meeting [2] Risk Analysis and Control Measures - The main risks associated with the investment include market volatility, liquidity risks, and macroeconomic policy risks [3][4] - The company will engage reputable financial institutions as trustees and will monitor investment progress to mitigate risks [4] Impact on the Company - The use of idle self-owned funds for entrusted wealth management will not affect the company's daily cash flow or core business operations, aiming to enhance fund efficiency and increase returns for the benefit of the company and its shareholders [4]

Investment Overview - The company plans to use up to RMB 120 million of its idle self-owned funds for financial management to improve fund utilization efficiency and returns while ensuring fund safety and normal operations [1][2] - The source of funds for this investment will be the company's temporarily idle self-owned funds, which will not affect normal business operations [2] - The investment will be in low to medium-risk financial products, including but not limited to bank wealth management products, structured deposits, and trust products [1][2] Approval Process - The company held its 23rd meeting of the second board of directors and the 20th meeting of the second supervisory board on August 13, 2025, to review and approve the proposal for using part of its self-owned funds for financial management [1][2] - The proposal will be submitted for approval at the company's shareholders' meeting [2] Risk Analysis and Control Measures - The company aims to select liquid and controllable financial products, acknowledging that market fluctuations may impact investment returns [3] - The finance department will manage the purchased products and maintain accounting records, while the audit committee will supervise and inspect the use of funds [4] Impact on the Company - The planned use of self-owned funds for financial management will not affect the company's operational funding needs or daily operations, and it does not involve raised funds [4] - This strategy is expected to enhance fund utilization efficiency and generate additional investment returns for the company and its shareholders [4]

Core Viewpoint - The company plans to continue using temporarily idle raised funds for cash management, with a maximum amount of RMB 100 million, ensuring that it does not affect the normal operation of the fundraising plan [1][3][6] Fundraising Basic Situation - The total amount of funds raised by the company is RMB 3,685,239,005, with a net amount of RMB 3,481,258,520.34 after deducting issuance costs [1] Fundraising Management and Usage - The company has established a special account for managing the raised funds and signed a tripartite supervision agreement with the sponsor and the commercial bank [2] - As of June 30, 2025, the usage of the raised funds is detailed in a report disclosed on August 7, 2025 [2] Previous Cash Management - The company previously approved the use of up to RMB 200 million of temporarily idle funds for cash management, which was also subject to a 12-month validity period [2][3] Current Cash Management Plan - The company aims to use up to RMB 100 million of temporarily idle funds for cash management, with a 12-month validity period [3][4] - The investment products will include safe, liquid, and guaranteed principal financial products, such as structured deposits and wealth management products [4] Implementation and Oversight - The board of directors authorizes the chairman or authorized personnel to make investment decisions within the specified limits [4] - The company will disclose cash management details in accordance with relevant regulations to ensure transparency [4][5] Impact on Daily Operations - The planned cash management will not affect the normal operation of the company's fundraising projects or its main business development [5][6] Audit Committee and Sponsor Opinions - The audit committee supports the cash management plan, confirming it complies with regulations and does not harm shareholder interests [6][7] - The sponsor has verified that the necessary approval procedures have been followed and supports the cash management initiative [7]

Core Viewpoint - The company intends to continue using idle raised funds for cash management, ensuring that it does not affect the normal operation of its fundraising projects and aims to enhance the efficiency of fund utilization [3][8]. Fundraising Basic Situation - The total amount of funds raised by the company is RMB 368,523.90 million, with a net amount of RMB 348,125.85 million after deducting issuance costs [2]. Fund Usage Situation - As of June 30, 2025, the company has disclosed its fundraising project and usage situation in a special report on the Shanghai Stock Exchange [2]. Previous Cash Management - The company previously approved the use of up to RMB 200 million of idle funds for cash management, focusing on high-security, liquid investment products with capital protection agreements [3]. Current Cash Management Plan - The company plans to use up to RMB 100 million of idle funds for cash management, with a validity period of 12 months from the board's approval date [4][5]. Investment Products - The company will invest in safe, liquid, and capital-protected financial products, including but not limited to guaranteed financial products, structured deposits, and time deposits [5]. Decision Validity - The decision is valid for 12 months from the board's approval date, allowing for rolling use within the specified limit [5]. Implementation Method - The board authorizes the chairman or designated personnel to make investment decisions and sign relevant contracts, with the finance department responsible for implementation [5]. Information Disclosure - The company will disclose cash management details in accordance with relevant regulations and will not change the purpose of the raised funds [5]. Cash Management Returns - Returns from cash management will be prioritized for supplementing investment project funding and daily operational liquidity needs [6]. Impact on Daily Operations - The planned use of idle funds for cash management will not affect the company's normal cash flow or the operation of fundraising projects [6]. Risk Control Measures - The company will select high-security, liquid investment products and will not use these funds for stock investments or pledging [6]. Review Process and Opinions - The board and audit committee have approved the cash management plan, confirming compliance with relevant regulations and ensuring no adverse effects on the company's operations [7][8].

Group 1 - Hengyin Technology disclosed that it purchased trust financial products with its own funds in 2021, with overdue amounts reaching 185 million yuan by the end of 2024 [1] - The company invested 170 million yuan in the Guomin Trust Hui Jin No. 87 collective fund trust plan, receiving only 13 million yuan in investment income, while the principal and remaining investment income are overdue [1] - Hengyin Technology has entrusted Guomin Trust Co., Ltd. to sue the relevant parties, with the case receiving a final judgment in September 2024 [1] Group 2 - Guomin Trust reported a revenue of 824 million yuan in 2024, a year-on-year decrease of 11.23%, primarily due to a decline in fee and commission income [1][2] - The fee and commission income for Guomin Trust fell to 667 million yuan, a decrease of approximately 22.56% year-on-year [1] - Despite the significant drop in revenue, Guomin Trust's net profit increased by 6.62% in 2024, reaching 385 million yuan [2] - As of December 31, 2024, Guomin Trust's total trust assets amounted to 243.393 billion yuan, a year-on-year decrease of 2.45% [2]