Group 1 - The company held its 15th meeting of the 8th Board of Directors on July 25, 2025, with all 9 directors present, complying with relevant laws and regulations [1][2] - The Board approved a construction contract with Yunnan Duxiang Expressway Co., Ltd. for the G7611 Duan to Shangri-La Highway project, with a contract amount of 977.627 million yuan [1] - The independent directors reviewed the related party transaction and provided independent opinions, ensuring transparency in the decision-making process [1] Group 2 - The voting results for the contract approval were 5 votes in favor, 0 against, and 4 abstentions, with the proposal needing to be submitted to the shareholders' meeting for further approval [2] - The company scheduled a meeting for August 11, 2025, at 14:30 for the capital contributors and the third temporary shareholders' meeting of 2025 [2] - The voting results for the shareholders' meeting were unanimous approval with 9 votes in favor, 0 against, and 0 abstentions [2]

Group 1 - The company held its 13th meeting of the 8th Supervisory Board on July 25, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2] - The Supervisory Board approved a proposal for a related party transaction involving a construction contract with Yunnan Duxiang Expressway Co., Ltd., valued at 977.63 million yuan, aimed at increasing the company's business reserves and revenue [1][2] - The transaction was deemed to align with the company's actual situation and not harm the interests of the company or its shareholders, with necessary decision-making procedures followed [1][2] Group 2 - The voting results for the proposal were 2 votes in favor, 0 against, and 0 abstentions, with 1 supervisor recusing themselves [2] - The proposal will be submitted for approval at the company's shareholders' meeting [2] - The decision document was signed by the attending supervisors and stamped with the Supervisory Board's seal [2]