Group 1 - The board of directors of Tianjin TEDA Co., Ltd. held a temporary meeting on July 14, 2025, where all eight directors attended, either in person or via video [1] - The board approved the dissolution and liquidation of its subsidiary, Tianjin TEDA Urban Development and Construction Co., Ltd., which has no business operations and negative net assets of -13,476.12 thousand yuan [2] - The board agreed to waive the right of first refusal for the transfer of shares in its subsidiary, Dalian TEDA New Town Development Co., Ltd., which will not affect the company's overall business or financial status [3][5] - The board also approved the waiver of the right of first refusal for the transfer of shares in another subsidiary, Dalian Taiyi Real Estate Development Co., Ltd., with similar implications for the company's financials [4][5] - The company plans to issue non-public low-carbon transformation-linked corporate bonds not exceeding 2 billion yuan to optimize its debt structure and support green development [6] - A proposal to hold the fifth temporary shareholders' meeting of 2025 was also approved, scheduled for July 30, 2025 [6]

Core Viewpoint - Tianjin TEDA Co., Ltd. has decided to dissolve and liquidate its wholly-owned subsidiary, Tianjin TEDA Urban Development Co., Ltd., due to the lack of business operations and to improve management efficiency [1][5]. Summary by Sections Dissolution Overview - Tianjin TEDA Urban Development Co., Ltd. was established in 2008 with a registered capital of 50 million yuan and has no land reserves or development projects since 2019 [1]. - The company has no business activities, financing loans, or guarantee matters, and currently employs only one person [1]. Financial Data - As of April 30, 2025, Tianjin TEDA Urban Development's total assets were 3.1936 million yuan, total liabilities were 137.9548 million yuan, and net assets were -134.7612 million yuan [2][4]. - The financial performance for the year 2024 showed total revenue of 19.508 million yuan and a net profit of 5.1665 million yuan, while the first four months of 2025 reported a net loss of 0.6699 million yuan [4]. Reasons for Dissolution - The dissolution is part of the company's strategy to streamline operations and reduce the number of legal entities, as the subsidiary has been inactive and has no financial obligations [5].