Meeting Overview - The company will hold its first extraordinary general meeting of shareholders in 2025, adhering to regulations set by the China Securities Regulatory Commission [1][2] - The meeting will take place at the conference room on the fourth floor of No. 1 Lijing North Street, Yinchuan, Ningxia [3] Meeting Procedures - Shareholders must arrive 20 minutes before the meeting to complete registration and present necessary documents [2][3] - Shareholders wishing to speak must register 20 minutes prior to the meeting and will be limited to a 5-minute speaking time [2][3] - Voting will be conducted via a named ballot system, and results will be announced by the meeting host [3][8] Agenda Items - The main agenda includes a proposal to amend the company's articles of association, specifically to abolish the supervisory board and transfer its powers to the audit committee of the board of directors [6][7] - The proposed amendments will align with the revised Company Law and relevant regulations effective from July 1, 2024 [6][7] Amendments to Articles of Association - The company plans to revise its articles of association to reflect the cancellation of the supervisory board and update related governance structures [6][7] - Specific changes include adjustments to the roles and responsibilities of the board of directors and the audit committee [6][7] Legal Compliance - The company has engaged Beijing Jiayuan Law Firm to provide legal opinions during the meeting [3][6] - Shareholders are reminded to respect the meeting's order and maintain a silent mobile phone setting [2][3]

Core Points - The company is Ningxia Baofeng Energy Group Co., Ltd, established as a joint-stock company based on the overall restructuring of Ningxia Baofeng Energy Group Co., Ltd [2][3] - The company was approved for its initial public offering (IPO) on April 19, 2019, and listed on the Shanghai Stock Exchange on May 16, 2019, with a total of 733.36 million shares issued [3][4] - The registered capital of the company is RMB 733.36 million [3][4] - The company operates in the energy and chemical sectors, focusing on high-end coal-based new materials and modern coal chemical products [5][6] Company Structure - The company is a permanent joint-stock company, with the president serving as the legal representative [3][4] - The company has a defined governance structure, including shareholders, directors, and senior management, all of whom are bound by the company's articles of association [3][4][12] - The company has established a Communist Party organization to conduct activities in accordance with the Party's regulations [4] Business Objectives and Scope - The company's business objective is to conduct operations based on fairness, legality, and mutual benefit, aiming to enhance competitiveness and provide reasonable returns to investors [5] - The business scope includes the production and sale of high-end coal-based new materials, modern coal chemical products, and various other energy-related activities [6] Share Issuance and Management - The company issues shares in the form of stocks, ensuring equal rights for all shares of the same category [17] - The company has a total of 733.36 million shares issued, all of which are ordinary shares [21] - The company prohibits financial assistance for acquiring its shares, except under specific conditions approved by the board of directors [8][9] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company governance, as well as obligations to comply with laws and the company's articles of association [13][41] - The company maintains a shareholder register to document ownership and rights [12][13] Governance and Decision-Making - The company holds annual and extraordinary shareholder meetings to make key decisions, including the election of directors and approval of financial reports [20][46] - Decisions require a majority or two-thirds majority vote depending on the nature of the resolution [80][82] Legal Compliance and Reporting - The company is required to comply with the Company Law, Securities Law, and other relevant regulations, ensuring transparency and accountability in its operations [2][3][4] - The company must disclose significant events and maintain proper records of shareholder meetings and decisions [15][78]