General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws [1][2] - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1][2] - The company was approved by the China Securities Regulatory Commission and listed on the Shenzhen Stock Exchange on March 21, 2012, with an initial public offering of 27 million shares [1][2] Company Information - The registered capital of the company is RMB 829,868,769 [2] - The company is a permanent joint-stock limited company [2] - The chairman serves as the legal representative of the company [2] Business Objectives and Scope - The company's business objective is to promote healthy development, strive to become an industry leader, and achieve significant social and economic benefits for shareholders [3] - The business scope includes the production and sale of LED products, energy-saving technology development, municipal engineering, property management, and import-export business [3][4] Shares - The company's shares are issued in the form of stocks, with each share having equal rights [5] - The total number of shares issued at establishment was 69 million, with the current number of issued shares being 829,868,769, all of which are ordinary shares [5][6] - The company may not provide financial assistance for others to acquire its shares, except under specific conditions [5][6] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise management, and request information [9][10] - Shareholders are obligated to comply with laws and regulations, and cannot withdraw their capital except as legally permitted [14][39] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [48][49] - Shareholder meetings require a quorum and decisions are made based on majority or two-thirds majority votes depending on the type of resolution [79][81] Voting and Resolutions - Ordinary resolutions require a simple majority, while special resolutions require a two-thirds majority of the votes cast [79][81] - Shareholders with a significant stake must disclose their interests in related party transactions and abstain from voting on such matters [83]

Group 1: Impact of Tariffs and Market Strategy - The company's products exported to the U.S. account for approximately 7.3% of total revenue, indicating minimal impact from U.S. tariffs [1] - Future market expansion will focus on Europe (46%), Oceania (15%), Asia (18%), and the Americas (16%), with over 95% of revenue coming from exports in 2024 [3] Group 2: Production Capacity and Capital Expenditure - The new factory in Vietnam is expected to generate a production value of 500-600 million, sufficient to meet demand over the next three years [2] - Future capital expenditures will include increased R&D investment, potential acquisition of owned facilities to reduce rental costs, and adherence to planned fundraising allocations [4][8] Group 3: Profit Growth Drivers - Key drivers for future profit growth include enhanced R&D investment, market expansion in key regions, and improved cost control through supply chain management [5][6][7] Group 4: Dividend Policy and Shareholder Returns - The company plans to distribute at least 50% of its distributable profits as cash dividends annually, with 2023 cash dividends amounting to 249 million and a payout ratio of 108.22% [9] - Cumulative cash dividends over three years will not be less than 50% of the distributable profits from the last three years [9]