Group 1 - The core point of the announcement is that Chengdu Lijun Industrial Co., Ltd. disclosed the completion of share reduction by its major shareholder Wei Yong and his concerted action party, which has reached a threshold of 1% [2][3] - Wei Yong and his concerted action party, the Anxin Securities Asset Management - Wei Yong - Anxin Asset Management Chuangying No. 29 Single Asset Management Plan, reduced their shares by a total of 13,500,000 shares, accounting for 1.31% of the company's total share capital [2][3] - The reduction was conducted through centralized bidding and block trading methods, with a maximum of 10,334,600 shares (1%) through centralized bidding and 20,669,200 shares (2%) through block trading [2] Group 2 - The company confirmed that the share reduction plan was consistent with previously disclosed intentions and did not violate any commitments, with the actual number of shares reduced not exceeding the planned amount [5] - The reduction will not lead to a change in the company's control or affect its governance structure and operations [5] - As of the announcement date, Wei Yong holds 112,419,805 shares, representing 10.88% of the total share capital, while the concerted action party has completed its share reduction [3] Group 3 - The company held its sixth board meeting on December 4, 2025, where several resolutions were passed, including the establishment of an internal control evaluation system and the signing of a significant contract by its wholly-owned subsidiary [12][14] - The board approved the signing of a sales contract with GRANDWAY INTERNATIONAL TRADE PTE. LTD., with the company assuming joint liability for the contract [21][22] - The expected guarantee amount for the contract does not exceed 450 million yuan, which is approximately 16.19% of the company's audited net assets for 2024 [23][29] Group 4 - The company announced the convening of the 2025 third extraordinary general meeting of shareholders, scheduled for December 23, 2025, to discuss the resolutions passed by the board [34][36] - The meeting will be conducted in a hybrid format, combining on-site and online voting, with specific registration and voting procedures outlined [38][46] - Shareholders must register by December 22, 2025, to participate in the meeting [45]

Core Viewpoint - Chengdu Lijun Industrial Co., Ltd. has signed a significant sales contract with GRANDWAY INTERNATIONAL TRADE PTE. LTD., which is expected to positively impact the company's future operating performance, accounting for 52.53% of the audited consolidated revenue for the fiscal year 2024 [2][17]. Group 1: Contract Overview - The contract was signed on November 28, 2025, with a total value of approximately $5,760.7728 million, equivalent to about ¥40,779.93 million at an exchange rate of 7.0789 [2][17]. - The contract involves the sale of high-pressure roller mills and related equipment, with the seller being Lijun Holdings (Singapore) Pte. Ltd., a wholly-owned subsidiary of the company [7][17]. - The contract stipulates that the first batch of equipment will be delivered based on specific notifications, while the second batch will be negotiated separately [7][17]. Group 2: Payment Terms and Conditions - The payment structure includes a 30% advance payment, with subsequent payments tied to progress and acceptance milestones [8][9][10]. - The first batch's total payment includes various components: advance, progress payment, acceptance payment, and warranty retention [8][9][10][11]. - The warranty period for the entire project is set at two years [13][17]. Group 3: Impact on Company Operations - The execution of this contract is anticipated to enhance the company's market share in overseas markets and expand its operational scale, aligning with the company's strategic development plan [17]. - The company has the necessary resources, including funding, technology, and personnel, to fulfill the contract [17]. - The contract does not significantly affect the company's operational independence or create dependency on the counterparty [17]. Group 4: Counterparty Information - GRANDWAY INTERNATIONAL TRADE PTE. LTD. is a registered company in Singapore with a capital of 20,000 SGD and engages in wholesale trade without a dominant product [4][5][17]. - There have been no similar transactions between the company and GRANDWAY in the past three years, indicating a new business relationship [6][17]. Group 5: Legal and Compliance Aspects - The contract requires approval from the company's board of directors and shareholders due to the special legal relationship between the seller and the production entity [20][21]. - Any disputes arising from the contract will be governed by the laws of the People's Republic of China, excluding the United Nations Convention on Contracts for the International Sale of Goods [15][17].