Core Viewpoint - The equity structure of Xinjiang Rongneng, the controlling shareholder of International Industry, is changing as Feng Jianfang transfers 100% of his shares to his brother Feng Xianqiao for a nominal price of 0 RMB, effective July 29, 2025 [1][2]. Group 1: Equity Transfer Details - Feng Jianfang currently holds 100% of Xinjiang Rongneng and will transfer this stake to Feng Xianqiao, who will then own 100% of Xinjiang Rongneng [1]. - The transfer does not trigger any mandatory tender offer obligations and does not involve changes in the shares held by Xinjiang Rongneng in the listed company [2]. - After the transfer, the actual controller of the listed company will change from Feng Jianfang to Feng Xianqiao, but Xinjiang Rongneng will remain the controlling shareholder [2]. Group 2: Background of Key Individuals - Feng Jianfang, born in February 1973, has been the chairman of International Industry since February 2022 and has founded several companies since 2008 [2]. - Feng Xianqiao, born in September 1981, has held various managerial positions since 2008 and currently serves as the deputy general manager of Jiangsu Zhongda Tower Technology Development Co., Ltd. [2]. Group 3: Business Performance and Future Plans - International Industry reported a revenue of 946 million RMB for the first half of the year, a decrease of 49.96% year-on-year, while net profit attributable to the parent company was 24.77 million RMB, an increase of 17.16% year-on-year [3]. - The company is focusing on enhancing profitability in its oil and chemical product wholesale business by reducing low-margin, high-turnover product trading [3]. - There are no significant changes in the company's main business and operational model during the reporting period [3].

Group 1 - The company reported a revenue of 359 million yuan and a net profit of 8.61 million yuan for Q1 2025, marking a year-on-year growth of 4.83% [1] - As of the end of the reporting period, the company's total assets reached 3.456 billion yuan, reflecting a 0.85% increase from the beginning of the period [1] - The company has been involved in the oil products industry since 2003 and is one of the early enterprises in Xinjiang with fuel oil and heavy oil import qualifications [1] Group 2 - In 2024, the company focused on the manufacturing sector, with its subsidiary Zhongda Ganta participating in 12 successful bids for iron tower projects on the State Grid ECP platform [2] - The company signed 19 new orders in the photovoltaic sector in 2024, achieving a contract fulfillment rate of 95% [2] - The company invested in the construction of five hot-dip galvanizing production lines, with three already in operation, aiming to enhance production capacity and meet increasing external orders [2] Group 3 - The company is actively exploring new profit growth points, having signed a letter of intent for asset acquisition with Shanghai Hengshi Mining Investment Co., Ltd. to acquire mining rights [3] - The mining resources involved have an ore volume of 14.9897 million tons and a copper metal volume of 101,460.65 tons, with a grade between 0.63% and 0.7% [3] - The mining resources are reported to have high reliability and favorable development conditions, indicating low development difficulty [3]