Group 1 - The audit report indicates that the financial statements of Beijing Aerospace Feiteng Equipment Technology Co., Ltd. fairly reflect its financial position as of February 28, 2025, and the results of operations and cash flows for the periods ending January-February 2025 and the year 2024 [1][5][6] - The company is responsible for preparing financial statements in accordance with accounting standards and ensuring that they are free from material misstatements due to fraud or error [2][3] - The audit firm has conducted its work in accordance with Chinese auditing standards, providing reasonable assurance that the financial statements are free from material misstatement [2][3] Group 2 - The company was established in 1987 and transformed into a wholly state-owned limited liability company in 2017, with a registered capital of 452,544,024.00 million yuan [3][4] - The main business of the company includes the manufacturing and sales of aerospace electrical connectors, electronic instruments, cable networks, and related products [4][5] - The company operates under the governance structure defined by the Company Law, with a shareholders' meeting as the highest authority and a board of directors as its permanent authority [4][5] Group 3 - The financial statements are prepared based on the going concern assumption, reflecting actual transactions and events in accordance with the relevant accounting standards [5][6] - The company adopts the accrual basis of accounting, with historical cost as the measurement basis for financial statements, except for certain financial instruments [5][6] - The company has established internal controls to ensure the accuracy of financial reporting and compliance with applicable accounting standards [2][3]

Core Viewpoint - The company has approved its 2025 semi-annual report and profit distribution plan, along with several governance and operational adjustments aimed at compliance with new regulations and enhancing operational efficiency [1][2][4]. Financial Performance - The company reported a net profit attributable to shareholders of RMB 201,356,861.85 for the first half of 2025, with a capital reserve balance of RMB 1,239,742,836.72 and distributable profits of RMB 102,362,075.19 [2]. Profit Distribution Plan - The board proposed a profit distribution plan where 34.77% of the net profit will be distributed as cash dividends, and a stock dividend of 4 shares for every 10 shares held will be issued [2][3]. Governance Adjustments - The company plans to cancel its supervisory board and amend its articles of association to align with the revised Company Law and regulatory guidelines [5][7]. - Several internal management systems, including those for external guarantees, investments, and information disclosure, are set to be revised to enhance compliance and operational effectiveness [8][9][10][11][12][13][14][15][16][17][18][19]. Upcoming Shareholder Meeting - The company has scheduled its first extraordinary shareholder meeting for September 12, 2025, to discuss the proposed changes and other relevant matters [19].

General Provisions - The company is established to protect the rights and interests of shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws and regulations [1][2] - The company was registered on April 28, 2020, and publicly issued 35.87 million shares on May 27, 2020, subsequently listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 8, 2020 [1][2] - The registered capital of the company is RMB 145.600816 million [1][2] Business Objectives and Scope - The company's business objective is to enhance economic cooperation and technological exchange, promote national economic development, and achieve satisfactory returns [1] - The business scope includes the development and sales of electronic instruments and automatic control equipment, computer software and hardware, economic information consulting, domestic trade, and import-export business [1][2] Shares - The company issues shares in the form of stocks, with a nominal value of RMB 1 per share [2] - The total number of issued shares is 145,600,816, all of which are ordinary shares [2] - The company cannot provide financial assistance for others to acquire its shares, except under specific conditions approved by the shareholders' meeting [2] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, request meetings, supervise company operations, and access company documents [5][6] - Shareholders must comply with laws and the company's articles of association, and they are liable for their subscribed shares [40][41] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [51] - Shareholders holding more than 10% of shares can request a temporary meeting [52][53] - The notice for shareholder meetings must include details such as time, location, and agenda [64][65] Decision-Making and Voting - The shareholders' meeting is the company's authority, responsible for electing directors, approving financial reports, and making decisions on capital increases or decreases [46] - Decisions regarding significant transactions or guarantees must be approved by the shareholders' meeting [47][48] Legal Compliance and Responsibilities - The company must comply with laws and regulations regarding shareholder rights, financial assistance, and related party transactions [10][12] - Shareholders who abuse their rights or harm the company or other shareholders may be held liable for damages [41]