General Provisions - The company aims to protect the legal rights of the company, shareholders, employees, and creditors, in accordance with relevant laws and regulations [1][2] - The company is established as a joint-stock limited company and registered in Wenzhou, Zhejiang Province [1][2] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 36.67 million shares on October 9, 2014 [1][3] Company Objectives and Scope - The company's business objectives include manufacturing safe products, cultivating excellent employees, fulfilling social responsibilities, and sharing development results [3] - The company engages in the manufacturing and sales of explosion-proof electrical appliances, switches, vacuum contactors, circuit breakers, and various other electrical and mechanical products [3] Shares - The total number of shares issued by the company is 362,079,880, and the share structure consists of ordinary shares [5] - The company adheres to principles of openness, fairness, and justice in the issuance of shares, ensuring equal rights for all shareholders of the same class [5][6] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to request the convening of shareholder meetings [10][12] - Shareholders holding more than 5% of voting shares must report any pledges of their shares to the company [14] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting required to be held within six months after the end of the previous fiscal year [19] - Shareholder meetings can be conducted in person or via electronic communication, ensuring accessibility for all shareholders [19][20] Decision-Making and Voting - Ordinary resolutions require approval from more than half of the voting rights present, while special resolutions require two-thirds approval [85][87] - The company must disclose detailed information about board candidates during shareholder meetings, including their backgrounds and any potential conflicts of interest [66][67]

Core Insights - The company is focusing on new growth demands driven by renewable energy and digital economy in the low-voltage electrical sector [1][2] - The company aims to become a leader in technological innovation and application within the industry by enhancing high voltage and high current technology research [1] Group 1: Product Innovations - The company has introduced new products such as 2P compact products and vacuum contactors to support the continuous development of renewable energy [1] - The company has also launched simplified isolation switches to meet the demands of data center development [1] Group 2: Research and Development Strategy - The company is implementing multiple R&D projects in areas such as renewable energy, digital energy, and smart living [1] - The company will focus on developing a new generation of LAZZEN low-voltage component series products using the IPD2.0 process [1] - The company plans to maintain strong R&D collaboration with major clients like Huawei and Vertiv to develop leading core technology systems [1] Group 3: Future Focus - The company will continue to emphasize the "Two Intelligence and One New" strategy, deepening research in high voltage and high current technologies [1] - The company aims to strengthen the application of solid-state and AI frontier technology achievements and expand overseas UL standard applications [1]