Dear Directors/Shareholders and Shareholder Representatives:
In 2025, Shanghai Kaixin Separation Technology Co., Ltd. (hereinafter referred to as "the Company") Board of Directors strictly adhered to the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange GEM Listing Rules, and other relevant laws and regulations, as well as the Articles of Association and the Rules of Procedure for Board Meetings. The board diligently fulfilled its obligations and exercised its powers, strictly implementing the resolutions of the shareholders' meeting, effectively safeguarding the legitimate rights and interests of the Company and all shareholders, actively carrying out various board tasks, continuously standardizing corporate governance, and ensuring the Company's sound operation and sustainable development.
1. 2025 Business Performance
During the reporting period, the Company achieved total operating revenue of 208.18 million yuan, a year-on-year increase of 155.11%; total profit of 30.73 million yuan, a year-on-year increase of 791.18%; and net profit attributable to shareholders of the listed company of 27.24 million yuan, a year-on-year increase of 1,754.42%.
2. Board Performance in 2025
During the reporting period, the Board of Directors strictly followed the approval decision procedures for significant matters of the Company and held seven board meetings. Below is a detailed description of the operations of the Board of Directors and its specialized committees: