Core Points - The company will hold the 17th meeting of the 11th Board of Directors on October 30, 2025, to review the proposal for purchasing directors and officers liability insurance [1] - All directors will abstain from voting on this matter as they are the insured parties, and the proposal will be submitted to the shareholders' meeting for approval [1] - The insurance plan indicates that the insurer is the company, the insured includes the company, all directors and senior management, and other responsible persons, with a compensation limit not exceeding 50 million yuan per year, and an annual premium not exceeding 416,000 yuan, with a coverage period of 12 months [1] - The Board intends to request authorization from the shareholders' meeting for the management to handle the insurance purchase and renewal matters [1]

Group 1 - The company has approved a proposal to purchase directors and officers liability insurance to enhance its risk management system and reduce operational risks [1][2] - The board of directors has requested authorization from the shareholders' meeting to allow the management team to handle matters related to the insurance purchase, including determining the insured parties, selecting the insurance company, and setting compensation limits and premiums [1] - The proposal was submitted directly to the shareholders' meeting after all directors abstained from voting on the matter [2] Group 2 - The decision aims to ensure that directors, senior management, and other employees can perform their duties effectively while safeguarding the interests of investors [1] - The company will also manage renewal or reinsurance matters before the expiration of the liability insurance contract [1]