Board of Directors of Xiangtan Yongda Machinery Manufacturing Co., Ltd.
Statement on the Absence of Non-Operational Fund Occupation by Related Parties in the Proposed Asset Purchase
Xiangtan Yongda Machinery Manufacturing Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") intends to purchase 49.00% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. (hereinafter referred to as "the Target Company") from Ge Yanming (hereinafter referred to as "the Counterparty") by issuing shares and paying cash, while also raising supporting funds (hereinafter referred to as "this Transaction").
After careful analysis, the Company’s Board of Directors believes that as of the date of this statement, there are no instances of non-operational funds being occupied by shareholders and their related parties in the Target Company. Upon completion of this Transaction, the Target Company will become a wholly-owned subsidiary of the Listed Company and will strictly adhere to the relevant systems of the Listed Company regarding the prevention of non-operational fund occupation by related parties, thereby preventing any occurrence of such situations.
This statement is hereby issued.
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(This page is blank and serves as the seal page for the "Statement on the Absence of Non-Operational Fund Occupation by Related Parties in the Proposed Asset Purchase by the Board of Directors of Xiangtan Yongda Machinery Manufacturing Co., Ltd.")
Xiangtan Yongda Machinery Manufacturing Co., Ltd.
Board of Directors
April 14, 2026