Group 1 - The company has approved a share repurchase plan using its own funds and a special loan for stock repurchase, with a total amount between RMB 25 million and RMB 50 million, and a maximum repurchase price of RMB 14 per share, later adjusted to RMB 13.95 per share [1][3] - As of October 2025, the company has repurchased a total of 756,300 shares, accounting for 0.0164% of the total share capital, with a total expenditure of RMB 7,469,047 [3][4] Group 2 - The company’s subsidiary, Sichuan Changhong Hongwei Technology Co., Ltd., has been authorized to purchase 22 intangible assets from the related party Sichuan Qirui Ke Technology Co., Ltd. for a total amount of RMB 23,256,020 [7][8] - The board meeting approved an increase in the daily related transaction limit for 2025 to RMB 12 million for providing fuel, power, and communication services to three related parties [10][11] Group 3 - The company has provided guarantees for its wholly-owned subsidiary, Hong Kong Changhong, totaling RMB 52 million and USD 2 million for loans from various banks, with no counter-guarantees [15][16][20] - The total amount of guarantees provided by the company and its subsidiaries is RMB 1,469,243.77 million, which is 100.22% of the latest audited net assets [23][24]

Core Points - The board of directors of Sichuan Changhong Electric Co., Ltd. approved the purchase of intangible assets from an affiliated company, with a total amount of 23,256,020 yuan [1][2] - The board also approved an increase in the daily related party transaction limit for 2025 to 12 million yuan for providing fuel, power, and communication services to three affiliated companies [4][5] - The company has been actively repurchasing its shares, with a total of 756,300 shares repurchased by the end of October 2025, representing 0.0164% of the total share capital [10][11] - The company provided guarantees for its wholly-owned subsidiary, Hong Kong Changhong, totaling 52 million yuan and 2.8 million USD for loans from various banks [15][16][20] - The total amount of external guarantees provided by the company and its subsidiaries reached 1,469,243.77 million yuan, exceeding the company's audited net assets [24][25] Group 1: Board Meeting Resolutions - The board meeting was held on October 31, 2025, with all nine directors present, and the resolutions were passed unanimously [1][3] - The purchase of intangible assets was deemed necessary for the operational development of the subsidiary [1] - The related party transaction limit increase was approved to meet the company's operational needs [4] Group 2: Share Repurchase Progress - The company initiated a share repurchase program with a total budget between 25 million and 50 million yuan, with a maximum repurchase price adjusted to 13.95 yuan per share [8][9] - As of October 2025, the company repurchased shares at prices ranging from 9.69 to 9.97 yuan per share [10] Group 3: External Guarantees - The company provided guarantees for loans to its subsidiary, with a total guarantee amount of 52 million yuan and 2.8 million USD [15][20] - The total external guarantee amount reached 1,469,243.77 million yuan, which is 100.22% of the company's latest audited net assets [24]