Huanrui Century Co., Ltd. (hereinafter referred to as "the Company") held the third meeting of the tenth board of directors on April 28, 2026, to review and approve the "2025 Profit Distribution Proposal," which will be submitted to the 2025 annual shareholders' meeting for consideration. The relevant details are announced as follows:
1. Review Procedures
1.1 Independent Directors' Meeting
On April 28, 2026, the independent directors of the Company held a special meeting, where the "2025 Profit Distribution Proposal" was approved with 2 votes in favor, 0 against, and 0 abstentions. The independent directors believe that the proposal to not distribute profits in 2025 complies with laws, regulations, and the Company's Articles of Association, aligns with the overall development strategy and actual operating conditions of the Company, and is beneficial for the Company's sustainable and stable development, without harming the interests of the Company and all shareholders, especially minority shareholders.
1.2 Audit Committee Review
On April 28, 2026, the fifth meeting of the audit committee of the tenth board of directors approved the "2025 Profit Distribution Proposal" with 3 votes in favor, 0 against, and 0 abstentions. The audit committee believes that the proposal is consistent with the Company's actual situation and complies with relevant regulations, including the "Guidelines for Cash Dividends of Listed Companies" and the "Shenzhen Stock Exchange Listing Rules." The proposal does not harm the interests of minority shareholders and is conducive to the Company's long-term development. Therefore, it was agreed to submit the proposal to the board of directors for review.