Group 1 - The company held its 24th temporary meeting of the 5th board of directors on July 7, 2025, with all 7 directors present, ensuring compliance with relevant laws and regulations [1] - The board approved a proposal to apply for a loan renewal from Shanxi Bank for an amount not exceeding RMB 113.2 million, aimed at meeting operational liquidity needs [2] - The company's wholly-owned subsidiaries, Jilin Yongda Electric Switch Co., Ltd. and Beijing Rongyu Technology Co., Ltd., will provide collateral for the loan with their property rights, while the company will pledge 20% of its shares in Beijing Wantai Zhonglian Technology Co., Ltd. as additional security [2] Group 2 - The board authorized the chairman or their representative to sign relevant agreements and handle matters related to the loan renewal [2] - The announcement regarding the loan renewal and subsidiary guarantees will be disclosed in designated media outlets [2]