Core Points - The company is holding its first extraordinary general meeting of shareholders in 2025 on August 25, 2025, to discuss several key proposals aimed at improving corporate governance and operational efficiency [1][2][3]. Proposal Summaries Proposal 1: Increase Board Seats and Cancel Supervisory Board - The company plans to increase the number of board seats from 5 to 7, with independent directors increasing from 2 to 3 and non-independent directors from 3 to 4 [2][5]. - The supervisory board will be abolished, with its responsibilities transferred to the board's audit committee, in compliance with updated regulations [2][4]. Proposal 2: Amend Corporate Governance Policies - The company aims to revise several governance policies to enhance operational compliance and governance structure, in line with the latest regulations from the Shanghai Stock Exchange [4][8]. Proposal 3: Nomination of Independent Director Candidates - The company has nominated Mr. Wu Nanjian as an independent director candidate, following a qualification review by the board's nomination committee [5][6]. Proposal 4: Nomination of Non-Independent Director Candidates - The company has nominated Mr. Dawei Guo and Mr. Shu Chen as non-independent director candidates, also following a qualification review [6][7]. Proposal 5: Project Completion and Fund Allocation Changes - The company plans to conclude the "R&D Center Construction Project" and allocate the remaining funds of 108.0341 million yuan to a new project focused on "Edge AI Processor Products and Solutions" [7][8]. - Additionally, the company intends to reduce funding for the "Smart Transportation and Intelligent Driving R&D and Industrialization Project" by 210.4213 million yuan and extend its completion date to June 30, 2026 [7][8].

Core Viewpoint - Broadcom Integrated (博通集成) has been facing continuous losses in recent years, primarily due to the impact of macroeconomic conditions on the downstream market demand in the consumer electronics sector. The company received a government subsidy of 9.3708 million yuan, which accounts for approximately 37.9% of its audited net profit attributable to shareholders over the past year [1]. Group 1: Financial Performance - The company reported a net profit of -24.72 million yuan last year, indicating ongoing financial struggles [1]. - In the latest performance briefing, the company acknowledged a significant reduction in net profit loss by about 70% year-on-year, despite an increase in revenue [1]. Group 2: Inventory Management - Broadcom Integrated recorded an inventory impairment loss of 21.7404 million yuan for the fiscal year 2024, which represents 87.93% of the audited net profit [2]. - The company is actively working on inventory management and has significantly reduced its inventory impairment provisions compared to the end of 2023 [2]. Group 3: Project Adjustments - The company announced changes and delays in some fundraising projects, shifting focus from smart transportation and intelligent driving to edge AI processor product development, with an investment amount of 458 million yuan [2][3]. - The adjustment in project focus is due to the need for continuous product technology upgrades in response to macroeconomic conditions and changes in industry policies [3]. Group 4: R&D Focus - The company is concentrating on developing low-power, high-performance, and secure edge AI chips and solutions for smart home, wearable devices, and automotive electronics [3]. - Broadcom Integrated has already achieved partial mass production of its IoT-related chips and has also produced several Beidou satellite navigation chips with independent intellectual property rights, applicable in various markets [3].