Group 1 - The company held its 20th meeting of the 9th Board of Directors on July 18, 2025, with all seven directors participating, ensuring compliance with legal and regulatory requirements [1]. - The Board approved a proposal for the company's wholly-owned subsidiary to sell part of its assets in the Quanzhou project for approximately RMB 2,052.69 million (including tax) to subsidiaries of Quanzhou Kaiyuan Real Estate Group [1][2]. - The Board also proposed to convene the first extraordinary general meeting of shareholders in 2025, with all seven votes in favor and no opposition or abstentions [2]. Group 2 - The company aims to accelerate inventory clearance and optimize resource allocation in accordance with guidance from relevant government departments in Quanzhou [1]. - The proposal for the asset sale will be submitted for review at the upcoming extraordinary general meeting of shareholders [2].