Group 1 - The company has approved a share repurchase plan using its own funds, with a total amount not less than RMB 50 million and not exceeding RMB 100 million, at a maximum price of RMB 10 per share, within a 12-month period [2][4] - Following the annual equity distribution, the maximum repurchase price has been adjusted to RMB 9.85 per share starting from June 26, 2025 [2][4] - As of July 31, 2025, the company has repurchased a total of 5,087,505 shares, accounting for 0.9243% of the total share capital, with a total expenditure of approximately RMB 50.38 million [4] Group 2 - The company has participated in an investment in the Meizhi Phase II (Guangdong) Venture Capital Partnership, contributing RMB 20 million as a limited partner, bringing the total fund size to RMB 334.52 million [9] - The Meizhi Phase II fund has completed the necessary registration and obtained the private fund filing certificate as of July 31, 2025 [10]

Group 1 - The company has invested RMB 20 million as a limited partner in the Meizhi Phase II Fund, which has a total fund size of RMB 334.52 million after contributions from all parties [1] - The Meizhi Phase II Fund has completed the registration and filing procedures with the Asset Management Association of China, obtaining the Private Fund Filing Certificate [1] - The fund is managed by Midea Venture Capital Management Co., Ltd. and custodied by China Merchants Bank [1]