Notes from the 2025 Annual General Meeting: Attention to Detail and Commitment to Good Governance

       Enhancing Participation Through Greater Accessibility

       To facilitate broader shareholder participation, this year’s Annual General Meeting was held in Chengdu. The arrangement helped reduce geographical barriers to attendance and resulted in a higher number of shareholders participating on site compared with recent years. In addition to exercising their voting rights, shareholders actively engaged in the discussion session, raising questions and holding open and direct exchanges with management on the Company’s strategy and development. The strong level of in-person participation reflected shareholders’ active engagement and the Company’s commitment to maintaining open communication.

       Prior to the meeting, a corporate video was played on a continuous loop at the venue, providing shareholders with an overview of the Company’s key operations and recent developments. Many early-arriving shareholders paused to watch attentively, with some taking notes or capturing key information. This focused and orderly atmosphere helped set the stage for the subsequent discussions.

       A Unified Appearance Reflecting Professionalism

       Another notable aspect of the meeting was the unified appearance of the attending directors and senior management, who were dressed in dark suits, white shirts, and wearing company badges. This coordinated presentation not only reflected a standardized professional image, but also conveyed a sense of openness, transparency, and alignment within the management team.

       Meaningful Dialogue to Build Trust

       Following the efficient review and approval of agenda items, the meeting proceeded to the shareholder Q&A session. Shareholders actively raised questions, focusing on the progress and planning of the Company’s key projects. Management provided clear and detailed responses to each question, demonstrating respect for shareholders and a commitment to open and transparent communication.

       The value of an annual general meeting extends beyond the formal approval of resolutions; it also lies in fostering a sense of trust and engagement. From the accessible venue and thoughtful meeting arrangements to the coordinated presentation of management and the availability of the annual report on site, these elements together reflect the Company’s ongoing efforts to strengthen its governance practices. Through constructive dialogue between shareholders and management, mutual trust is further reinforced.