2025 Annual Board of Directors Work Report
In 2025, Hongbo Co., Ltd. (hereinafter referred to as "the Company") Board of Directors strictly adhered to the Company Law, Securities Law, and other relevant regulations, as well as the Shenzhen Stock Exchange Listing Rules, Articles of Association, and Board Meeting Rules. With a responsible attitude towards shareholders, the board earnestly implemented the resolutions of the shareholders' meeting, faithfully fulfilled its duties, safeguarded the interests of the company and its shareholders, further improved and standardized company operations, and promoted the enhancement of corporate governance and the healthy and stable development of various business operations. The following is the report on the work of the Board of Directors for 2025:
1. Main Operating Conditions of the Company in 2025
In 2025, the Company achieved an annual operating revenue of 1.013 billion yuan. During the reporting period, the Company continued to deepen its strategic transformation, firmly upgrading to a technology-oriented enterprise in the artificial intelligence industry, with breakthroughs and significant results in computing power business. The Company continuously invested in the field of artificial intelligence computing power, achieving breakthroughs in key technologies and core platform construction, significantly enhancing service capabilities. During the reporting period, the Company made continuous investments in high-performance computing power scheduling and hardware-software collaborative optimization, effectively improving computing power utilization efficiency and market competitiveness, while further deepening collaborative cooperation with outstanding enterprises in the industry chain, providing stable and reliable underlying support for core scenarios such as AIGC and large model training. In the traditional security printing business, the Company accelerated the divestment of inefficient traditional businesses through structural exits and resource integration, further optimizing asset quality and business composition, releasing resources and space for the focused development of core businesses. The Company continued to strengthen internal governance and refined management, continuously advancing the dual-track strategy of artificial intelligence and security printing.
In the future, Hongbo Co., Ltd. will continue to deepen its layout in the computing power industry, accelerate technological iteration and market expansion, and promote high-quality industrial upgrades and sustainable development.
2. Board of Directors Operation
During the reporting period, the Company's Board of Directors fully exercised its role in the corporate governance system according to the responsibilities conferred by the Company Law and Articles of Association. The Company held shareholders' meetings, board meetings, and special committee meetings in a timely manner to study and decide on major matters, ensuring the board's standardized operation and practical efficiency.
(1) Shareholders' Meeting Situation
In 2025, the Company held 1 annual shareholders' meeting and 4 temporary shareholders' meetings. The convening, holding, and voting procedures of the meetings complied with the Company Law, Rules for Shareholders' Meetings of Listed Companies, and other legal regulations and normative documents, as well as the Articles of Association. The Board of Directors earnestly executed all resolutions of the shareholders' meeting and authorized matters, fully safeguarding the legitimate rights and interests of all shareholders.
(2) Board Meeting Situation
In 2025, the Company's Board of Directors held 7 meetings, with specific details as follows: