Company Status - The company will hold a board meeting on December 22, 2025, to review changes in its business scope, including the addition of manufacturing and sales of commercial, dining, and service-specific equipment, and to revise its articles of association and compensation system. These proposals will be submitted for review at a temporary shareholders' meeting on January 8, 2026 [2] Project Progress - The company plans to allocate surplus fundraising of 25.36 million yuan from the "die-casting small home appliance construction project" to the "brand marketing management center construction project," which has been approved by the board of directors with no objections from the sponsoring institution [3] Subsidiary Development - The second manufacturing base in Indonesia began production in 2025. Although the overall costs are currently high, it is expected to contribute to the improvement of the global production capacity layout in the long term [4] Performance and Operating Conditions - For the period from January to September 2025, the company reported operating revenue of 12.28 billion yuan, a year-on-year decrease of 3.20%, and a net profit attributable to shareholders of 841 million yuan, a year-on-year increase of 7.13%. As of January 20, 2026, the number of shareholders was 28,000, a decrease of 1.20% from the previous period [5]

Core Viewpoint - The company held its seventh board meeting on December 22, 2025, where several key resolutions were passed, including the completion of a fundraising project and the reallocation of surplus funds to other projects [1][9][19]. Group 1: Fundraising Project Completion - The board approved the completion of the "Die-casting Small Home Appliances Construction Project" and decided to use the surplus funds for the "Brand Marketing Management Center Construction Project" [9][19]. - The total surplus funds to be reallocated amount to 25.3569 million yuan [15][19]. - The decision to conclude the project and reallocate funds is expected to enhance the efficiency of fund usage without adversely affecting the company's operations or financial status [19][21]. Group 2: Changes to Business Scope and Articles of Association - The board approved a proposal to change the company's business scope to include manufacturing and sales of specialized equipment for commercial and food services, among other categories [25]. - The amendments to the Articles of Association are necessary to align with the new business scope and regulatory requirements [25]. Group 3: Upcoming Shareholder Meeting - The company will hold its first temporary shareholder meeting of 2026 on January 8, 2026, to discuss the proposals approved by the board [26][31]. - The meeting will allow for both on-site and online voting, with specific time slots designated for each [27][28]. - Shareholders must register by December 31, 2025, to participate in the meeting [29].

Core Viewpoint - The company has approved the conclusion of a fundraising project and the reallocation of surplus funds to another project [1] Group 1 - The company held the seventh board meeting on December 22, 2025, to discuss the fundraising project [1] - The board approved the conclusion of the "Die-casting Small Home Appliances Construction Project" under the 2020 non-public stock issuance fundraising projects [1] - Surplus funds from the concluded project will be redirected to the ongoing "Brand Marketing Management Center Construction Project" [1]