Yongda Co., Ltd.

Legal Opinion from Hunan Qiyuan Law Firm on the Second Extraordinary Shareholders' Meeting of 2026 of Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Announcement of the Resolution of the Second Extraordinary Shareholders' Meeting of 2026 of Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Announcement on the Acceptance of Application Documents for Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Related Transactions by the Shenzhen Stock Exchange

Xiangtan Yongda Machinery Manufacturing Co., Ltd. announced on the establishment of a special account for raising funds and signing a regulatory agreement

Legal Opinion on Xiangtan Yongda Machinery Manufacturing Co., Ltd.'s 2026 First Extraordinary Shareholders' Meeting

Hunan Qiyuan Law Firm provided a legal opinion for Xiangtan Yongda Machinery Manufacturing Co., Ltd.'s first extraordinary general meeting of shareholders in 2026. The meeting, held on April 30, 2026, had 106 shareholders representing 136,584,425 shares, accounting for 56.91% of total shares. Key proposals regarding the issuance of shares and cash payment for asset acquisition were approved, with voting results showing over 98% in favor for each proposal.

Announcement of the resolution of the first extraordinary shareholders' meeting of Xiangtan Yongda Machinery Manufacturing Co., Ltd. in 2026

Remuneration management system for directors and senior managers

Xiangtan Yongda Machinery Manufacturing Co., Ltd. announced the revision of the "Remuneration Management System for Directors and Senior Management"

Guotai Junan Securities' Verification Opinion on Bank Bill Use for Xiangtan Yongda's Fundraising Projects

Guotai Junan Securities has issued a verification opinion regarding Xiangtan Yongda's use of bank bills for funding investment projects. The company plans to raise RMB 723 million through an IPO, with a net amount of RMB 636 million after expenses. The Board of Directors and Audit Committee approved the use of bank bills to enhance fund efficiency and reduce costs, ensuring no adverse effects on project progress or shareholder interests. This approach complies with relevant regulations.

Xiangtan Yongda Machinery Manufacturing Co., Ltd. announced that part of the special account for raising funds has completed the cancellation of accounts

Announcement of Xiangtan Yongda Machinery Manufacturing Co., Ltd. on the use of bank bills to pay the funds required for the investment project of the raised funds and replace them with the raised funds in equal amounts

Notice of Xiangtan Yongda Machinery Manufacturing Co., Ltd. Second Extraordinary Shareholders' Meeting in 2026

Xiangtan Yongda Machinery Manufacturing Co., Ltd. has announced its Second Extraordinary Shareholders' Meeting scheduled for May 14, 2026. The meeting will include on-site and online voting, with a record date of May 11, 2026. Key proposals for review include revisions to the Remuneration Management System for Directors and Senior Management, which require approval from over half of the voting rights present. Registration for attendance is open until May 12, 2026.

Announcement of the resolution of the 15th meeting of the second board of directors of Xiangtan Yongda Machinery Manufacturing Co., Ltd

Q1 2026 Financial Report

Xiangtan Yongda Machinery Manufacturing Co., Ltd. reported a 1.34% decrease in operating revenue for Q1 2026, totaling approximately 464.33 million Yuan. Net profit attributable to shareholders plummeted by 85.92% to about 2.57 million Yuan, primarily due to reduced revenue from tunnel excavation and increased market competition. However, net cash flow from operating activities improved by 76.83%, indicating better management of accounts receivable. Total assets increased by 3.73% compared to the previous year.

Guojin Securities Co., Ltd.'s verification opinion on the self-inspection report of Xiangtan Yongda Machinery Manufacturing Co., Ltd. on the trading of shares by insiders of this transaction

Special Verification Opinion on Insider Trading by Xiangtan Yongda Machinery Manufacturing Co., Ltd. Insiders

Hunan Qiyuan Law Firm conducted a special verification of insider trading related to Xiangtan Yongda Machinery Manufacturing Co., Ltd. during a self-examination period from June 8, 2025, to April 14, 2026. The firm confirmed no illegal stock trading by relevant legal persons and outlined trading activities by natural persons, including commitments from insiders denying any insider trading. The verification serves as a legal document for the company's major asset restructuring transaction.

Self-Inspection Report on Insider Trading by Information Holders of Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Xiangtan Yongda Machinery Manufacturing Co., Ltd. announced a self-inspection report on insider trading related to its planned acquisition of 49% equity in Jiangsu Jinyuan High-end Equipment Co., Ltd. The self-examination period for insiders spans from June 8, 2025, to April 14, 2026. The report confirms that relevant insiders, including directors and their spouses, have not engaged in insider trading and have committed to complying with legal obligations regarding confidentiality and trading behavior.

Hunan Qiyuan Law Firm's legal opinion on the 2025 annual shareholders' meeting of Xiangtan Yongda Machinery Manufacturing Co., Ltd

Xiangtan Yongda Machinery Manufacturing Co., Ltd. 2025 Annual Shareholders' Meeting Resolution Announcement

Notice of Xiangtan Yongda Machinery Manufacturing Co., Ltd. on the First Extraordinary Shareholders' Meeting of 2026 (Corrected)

Xiangtan Yongda Machinery Manufacturing Co., Ltd. has announced the 2026 First Extraordinary Shareholders' Meeting scheduled for April 30, 2026. The meeting will discuss several proposals, including the issuance of shares for asset acquisition and related transactions. All proposals require approval from more than half of the voting rights held by shareholders present. Registration for the meeting will require valid identification and shareholding certificates.

Xiangtan Yongda Machinery Manufacturing Co., Ltd. Correction Announcement on the Notice of Convening the First Extraordinary Shareholders' Meeting in 2026

Future Three-Year Shareholder Return Plan of Xiangtan Yongda Machinery Manufacturing Co., Ltd. (2026-2028)

Xiangtan Yongda Machinery Manufacturing Co., Ltd. has announced its Shareholder Return Plan for 2026-2028, aiming to enhance shareholder returns through a stable profit distribution policy. The plan prioritizes cash dividends, with at least 30% of average annual distributable profits allocated for cash distribution, depending on the company's financial conditions. The Board of Directors will propose annual profit distribution plans, which require shareholder approval, ensuring continuous engagement with minority shareholders.

The Board of Directors' Explanation on Preventing Diluted Spot Returns and Measures to Prevent This Transaction

Board Statement on Absence of Non-Operational Fund Occupation in Proposed Asset Purchase

Xiangtan Yongda Machinery Manufacturing Co., Ltd. plans to acquire 49% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through a combination of share issuance and cash payment. The Board confirms that there are currently no non-operational funds occupied by related parties in the Target Company. Upon completion, the Target Company will become a wholly-owned subsidiary, adhering to strict regulations to prevent future fund occupation issues.

The board of directors explains the independence of the appraisal agency, the reasonableness of the appraisal assumptions, the relevance of the appraisal method to the appraisal purpose, and the fairness of pricing

Board Statement on Absence of Paid Engagements with Third Parties

Xiangtan Yongda Machinery Manufacturing Co., Ltd. announced its intention to acquire 49.00% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through a combination of share issuance and cash payment. The company has appointed Guojin Securities Co., Ltd. as the independent financial advisor, along with other legal and auditing firms, to ensure compliance with regulatory requirements. The statement confirms that there are no other paid engagements with third parties related to this transaction.

The board of directors explained the basis and fairness and reasonableness of the pricing of this transaction

The board of directors explained the industrial policy and transaction type of this transaction

Xiangtan Yongda Machinery Manufacturing Co., Ltd. special assurance report on the use of funds raised in the previous time

Report on Previous Fundraising Utilization by Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Xiangtan Yongda Machinery Manufacturing Co., Ltd. reported on the utilization of previously raised funds totaling RMB 723 million from its IPO in December 2023. As of December 31, 2025, RMB 349.99 million remains unused, with plans to redirect funds from the terminated 'Intelligent Manufacturing Base Construction Project' to new projects aimed at enhancing production capabilities. The company also temporarily used idle funds for working capital and cash management, ensuring compliance with regulatory approvals.

Notice of Xiangtan Yongda Machinery Manufacturing Co., Ltd. on holding the first extraordinary shareholders' meeting in 2026

Announcement of the resolution of the 14th meeting of the second board of directors of Xiangtan Yongda Machinery Manufacturing Co., Ltd

Comparison of Draft Report on Share Issuance and Cash Purchase of Assets by Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Xiangtan Yongda Machinery Manufacturing Co., Ltd. plans to acquire 49% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. through a combination of share issuance and cash payment. The Board of Directors approved the Proposal and a Draft Report detailing the transaction on December 8, 2025, and April 14, 2026, respectively. Key updates in the Draft Report include changes in risk assessments, transaction details, and compliance with regulatory measures, reflecting the transaction's classification as a major asset reorganization.