XLKG(SZ:000955)2025-05-14 01:38Group 1: Company Development and Strategy - The company is focusing on the development of its Hainan base, which is approximately 66,000 square meters and is currently used for non-woven materials research and production [1][2] - The strategic positioning is "based in Hainan Free Trade Port, serving a healthy and beautiful life," emphasizing the integration of policy benefits, industry trends, and the company's cultural resources [3] - The company aims to achieve "three growths" by enhancing innovation and efficiency, expanding channels, and exploring acquisition opportunities [3] Group 2: Financial Performance and Challenges - The company has reported losses for the past three years, with recent international trade tariff issues impacting sales, particularly in export operations [4] - Despite the favorable conditions for mergers and acquisitions since September 2022, the company has yet to realize any acquisitions, citing the need for alignment of policies, environment, and resources [4] Group 3: Shareholder Concerns and Governance - The largest shareholder, Silicon Valley Paradise, holds 16.5% of shares, raising concerns about board power concentration, as five out of six non-independent directors are from this group [4] - The company assures that board elections will comply with legal regulations and encourages minority shareholders to participate actively in governance [4]