Special Reminder
According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (Revised in November 2018)", the company's stock delisting adjustment period is thirty trading days. The company's stock entered the delisting adjustment period on November 5, 2020, with the expected last trading date being December 16, 2020. Investors are advised to invest cautiously and pay attention to risks.
I. Meeting of the Board of Directors
- Kaidi Ecological Environment Technology Co., Ltd. (hereinafter referred to as "Kaidi Ecological" or "the Company") issued a notice to all directors for the 35th meeting of the 9th Board of Directors on November 9, 2020.
- The meeting was held on November 11, 2020, in the form of on-site voting.
- There were 7 directors eligible to attend, and all 7 directors were present.
- The meeting was chaired by Mr. Sun Shouwen, the chairman.
- The convening of this meeting complies with relevant laws, administrative regulations, departmental rules, normative documents, and the company's articles of association.
II. Voting Results of the Board Meeting
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
- The proposal to appoint Pacific Securities Co., Ltd. as the company's share transfer service agency was approved with the voting results: 5 votes in favor, 0 votes against, and 2 abstentions.
- Director Wang Haiou abstained, citing unclear performance by Changcheng Guorui during the contract period and the unresolved status of the current agreement with Changcheng Guorui, which may lead to disputes if a new agreement is signed.
- Director Wang Wei abstained, stating that the proposal did not clearly explain the current performance of the share transfer service agency Changcheng Guorui and the details of the company's remuneration, making it difficult to assess whether the reasons for terminating the agreement and hiring a new agency were sufficient.
According to the resolutions passed at the 7th meeting of the 9th Board of Directors regarding matters related to the company's stock suspension (Attachment 6, Announcement No. 2019-44, Proposal 20), and the resolutions passed at the 2018 annual shareholders' meeting regarding matters related to the company's stock suspension (Attachment 7, Announcement No. 2019-70, Proposal 16), the shareholders' meeting has authorized the board to handle matters related to the company's stock termination and entry into the share transfer system. The board decided to appoint Pacific Securities Co., Ltd. as the share transfer service agency, entrusting it to provide listing transfer services in the National Small and Medium Enterprises Share Transfer System (hereinafter referred to as "the share transfer system") and authorizing it to handle matters such as stock exit registration in the securities exchange market registration and settlement system, stock re-confirmation, and stock registration and settlement in the share transfer system, as well as continuous supervision for the first year.