Hunan Hualing Cable Co., Ltd.
Announcement on Resolutions of the 10th Meeting of the 6th Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Board of Directors Meeting Convening Situation
The 10th meeting of the 6th Board of Directors of Hunan Hualing Cable Co., Ltd. (hereinafter referred to as the "Company") was held on June 29, 2026, through on-site and teleconference. The meeting notice was sent to all directors via email on June 26, 2026.
The meeting was presided over by Mr. Zhang Zhigang, Chairman of the Company. Nine directors were eligible to attend, and nine directors were present. The Company Secretary and other senior management personnel attended the meeting. The meeting procedures complied with the "Company Law of the People's Republic of China" and the "Articles of Association."
II. Review of Board of Directors Meeting Proposals
- Proposal on Approving the Supplementary Audit Report and Pro Forma Review Report for the Current Transaction
The Company intends to issue convertible corporate bonds to Wu Genhong and Jiang Yuan to acquire a 35% equity interest in Anhui Sanzhu Intelligent Technology Co., Ltd. (hereinafter referred to as "Anhui Sanzhu") and to issue shares to Hualing Jinshan (Tianjin) Industrial Investment Fund Partnership (Limited Partnership) to raise supporting funds (hereinafter referred to as the "Transaction").
Given that the audit base date for the Transaction has been updated to December 31, 2025, and based on the updated financial data and relevant laws and regulations, the Company engaged Daixin Certified Public Accountants (Special General Partnership) to conduct a supplementary audit and issue the "Mock Audit Report of Anhui Sanzhu Intelligent Technology Co., Ltd." (Dai Xin Shen Zi [2026] No. 27-00007) and the "Pro Forma Mock Review Report of Hunan Hualing Cable Co., Ltd." (Dai Xin Yue Zi [2026] No. 27-00002). The Company's Board of Directors believes that the content of the above reports is true, accurate, and complete, and complies with relevant laws and regulations.
The specific content can be found in the supplementary audit report and pro forma review report published by the Company on the same day on the Juchao Information Network (www.cninfo.com.cn).
Voting results: 5 votes in favor, 0 votes against, 0 abstentions.
Related directors Mr. Zhang Zhigang, Mr. Zheng Shengbin, Mr. Liu Jianbing, and Mr. Zhang Ming recused themselves from voting on this proposal.
This proposal has been reviewed and approved by the Audit Committee, the Strategy and ESG Committee, and the Independent Directors' Special Committee.
According to the authorization granted by the Company's shareholders to the Board of Directors, this proposal does not need to be submitted to the shareholders' meeting for deliberation.
- Proposal on Approving the "Report on the Issuance of Convertible Corporate Bonds by Hunan Hualing Cable Co., Ltd. to Purchase Assets and Raise Supporting Funds and Related Party Transaction Report (Draft Amendment) and its Summary"