Group 1 - The core point of the article is that Fengmao Co., Ltd. held its 17th meeting of the second board on October 24, 2025, to review the proposal for the company's Q3 2025 report [1] - For the year 2024, the revenue composition of Fengmao Co., Ltd. is as follows: after-sales service accounts for 46.37%, complete vehicle matching accounts for 40.56%, industrial machinery accounts for 9.35%, other main businesses account for 3.2%, and home appliances and bathroom products account for 0.52% [1] - As of the report date, Fengmao Co., Ltd. has a market capitalization of 4.3 billion yuan [1] Group 2 - A notable event mentioned is a well-known brand's acquisition of 2,000 shares for 170 million yuan, despite the target company's registered capital being only 10,000 Hong Kong dollars and it not yet being operational, raising questions about the necessity of the acquisition [1]

Group 1 - The core point of the article is that Fengmao Co., Ltd. held its 15th meeting of the second board of directors on August 7, 2025, to discuss the proposal for the election of non-independent directors [1] - For the fiscal year 2024, Fengmao's revenue composition is as follows: after-sales service accounts for 46.37%, complete vehicle matching accounts for 40.56%, industrial machinery accounts for 9.35%, other main businesses account for 3.2%, and home appliances and bathroom products account for 0.52% [1] - As of the report date, Fengmao's market capitalization is 5 billion yuan [1]