Group 1 - The company conducted an online investor meeting to discuss future development trends, business cooperation, product shipment volumes, and reasons for performance losses [1] - In the security sector, despite a slowdown in traditional security market growth due to macro policies, the company aims to consolidate its products and expand into the consumer market [1] - The company has made early investments in the new display sector, focusing on building capabilities in key assembly processes and equipment for AR/VR [1] Group 2 - The company has chosen Yiwentech as a partner in the AR glasses field based on strategic synergy and technological complementarity, and it holds equity in Yiwentech through an investment fund [2] - The company reported steady growth in AR product shipments in the first half of 2025, with expectations for continued improvement in the second half [2] - The company explained its performance loss in the first half of 2025 was due to significant resource and expense investments in R&D projects, and it plans to strategically adjust some projects to enhance profit margins [2]

Group 1: Governance Structure Adjustment - The transition from the sixth to the seventh board of directors includes key personnel changes, with Li Xiayun appointed as the new chairman [7][8] - The management team aims to create a global, professional, and youthful leadership structure [9][10] Group 2: Key Leadership Focus Areas - Founder Lin Min emphasizes the importance of management team succession and talent development, supporting long-term strategic planning and global expansion [12] - New chairman Li Xiayun outlines the "15th Five-Year" strategic plan, focusing on establishing a dual-circulation operational system and becoming a leading global AR optical display solution provider [17][26] Group 3: Strategic Goals and Initiatives - The core objectives include building a resilient dual-circulation operational system and becoming a key strategic partner for major clients in optical components and modules [26][36] - The company plans to enhance its product matrix and transition from component solutions to display optical module solutions [32][33] Group 4: Support System Development - The organization aims to construct a management system based on "one crystal, two circulations, three platforms, four core assets, and five value levers" to support strategic implementation [38] - Emphasis on technology and market development to enhance collaborative capabilities and support strategic goals [39]