Group 1 - The company announced the resignation of three vice presidents, Huang Xiaoliang, He Xiaoyong, and Li Chuanping, to improve corporate governance and operational efficiency [2][3][4] - Huang Xiaoliang will continue to serve as vice chairman and participate in strategic decision-making after his resignation [2] - Li Chuanping will not hold any position in the company after his resignation [3] Group 2 - The board of directors approved the appointment of Xu Zengxin as the new vice president [4] - For the year 2024, the company's revenue composition is as follows: data communication 35.2%, power supply 23.65%, comprehensive energy saving 15.02%, new energy 12.7%, and components for new energy vehicles 9.91% [4]

Core Viewpoint - The company has approved an investment of $32.8 million for the expansion of its production base in Indonesia, aiming to enhance its international competitiveness and support its overseas development strategy [1] Group 1: Investment Details - The investment is designated for the third phase expansion project of PT EVERPRO INDONESIA TECHNOLOGIES [1] - The planned construction area for the project is 24,000 square meters, which will include production facilities and related supporting infrastructure [1] - The funding for this project will come from the company's own or self-raised funds, allocated to increase capital in Changxin Sheng Indonesia [1] Group 2: Strategic Objectives - The expansion is a response to the growing demand in overseas markets, particularly in telecommunications, data communication, consumer, and industrial interconnect products [1] - The project is expected to enhance the company's ability to support global customers and improve its international competitiveness [1] - The construction period for the project is set at 12 months [1]