Core Viewpoint - The board of directors of Henan Power Diamond Co., Ltd. has made several important decisions regarding fundraising projects, governance structure, and the upcoming shareholder meeting, all aimed at ensuring the company's compliance with legal regulations and enhancing operational efficiency [1][2][3][4][5][6][7][8][9]. Group 1: Fundraising Projects - The board approved the addition of implementation entities and locations for the "Power Phase II Diamond and Cultivated Diamond Intelligent Factory Construction Project," confirming that this will not change the purpose of the raised funds or adversely affect the project's implementation [1][2]. - The board also approved a delay in the fundraising project, stating that this decision aligns with actual operational needs and will not impact the company's normal operations or long-term development plans [2][3]. Group 2: Governance Structure - The board unanimously agreed to amend the company's articles of association and related governance documents to comply with updated legal requirements, including the cancellation of the supervisory board [3][4][5][6][7][8]. - The board approved revisions to various internal management systems, including the management of related party transactions and external guarantees, to enhance governance and operational transparency [5][6][7][8]. Group 3: Shareholder Meeting - The board proposed to hold the first extraordinary general meeting of 2025 on August 15, 2025, to review the resolutions passed during the board meeting [8][9].

Summary of Key Points Core Viewpoint - The company, Henan Power Diamond Co., Ltd., has made adjustments to its fundraising projects by adding new implementation entities and locations, which aligns with its long-term development strategy and complies with regulatory requirements [2][6]. Fundraising Basic Information - The company issued 24,148,792 A-shares at a price of RMB 162.01 per share, resulting in a net fundraising amount of RMB 3,890,931,000 after deducting related expenses [2][3]. Changes in Implementation Entities and Locations - The project "Phase II Diamond and Cultured Diamond Intelligent Factory Construction Project" will now include a wholly-owned subsidiary, Yangzhou Power Diamond Co., Ltd., as a joint implementation entity, with Yangzhou as an additional implementation location [3][4]. New Implementation Entity Details - Yangzhou Power Diamond Co., Ltd. is located in Jiangsu Province with a registered capital of RMB 100 million, focusing on non-metallic mineral products and jewelry manufacturing [3][4]. Fund Management and Oversight - The company has established a special account for the management of the raised funds, ensuring that the funds are used solely for the designated project and comply with relevant regulations [5][6]. Rationale for Changes - The decision to add Yangzhou as an implementation location is based on its strategic geographical advantages, proximity to major markets, and the potential for improved logistics and customer service [5][6]. Impact of Changes - The adjustments will not alter the intended use of the raised funds and are expected to enhance operational efficiency without negatively impacting the company's production and business operations [6][7]. Approval Process - The changes were approved by the company's board of directors, supervisory board, and independent directors, confirming compliance with legal procedures and regulatory requirements [7][8].