• Explanation on the independence of the appraisal institution, the reasonableness of the appraisal assumptions, the relevance of the appraisal methods to the appraisal purpose, and the fairness of the transaction pricing in this transaction

  • Explanation on why the adjustment to this restructuring plan does not constitute a major adjustment

  • Explanation on the absence of paid engagement of other third-party institutions or individuals

  • Explanation on the company's shareholder return plan for the next three years (2025-2027)