Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Meeting Information
The notice for the 43rd meeting of the second Board of Directors of Shenzhen Demingli Technology Co., Ltd. was delivered to all directors via email and WeChat on June 1, 2026. The meeting was held on June 4, 2026, in the conference room on the 24th floor of the Company, combining on-site and remote voting. A total of 7 directors were supposed to attend, and all 7 directors attended (including independent directors Zhou Jianguo, Zeng Xianjun, and Yang Ruidai who attended and voted via remote means). All senior management personnel of the Company were present at the meeting. The number of attendees, the convening, the procedures, and the agenda of the meeting complied with the relevant provisions of the Company Law and the Articles of Association, making it legal and effective.
II. Meeting Resolutions
The meeting was convened and presided over by Chairman Li Hu. After careful deliberation by the attending directors, the following resolutions were made:
(1) Approval of the Proposal to Increase the Credit/Loan Limit for 2026
The Board agreed to increase the credit/loan limit for the Company and its subsidiaries to apply for comprehensive credit/loan from financial institutions in 2026 to no more than RMB 15 billion, and to sign relevant comprehensive credit/loan agreements within this limit. The types of comprehensive credit/loan include but are not limited to: loans, bank acceptance bills, electronic commercial acceptance bills, guarantees, notes, letters of credit, collateralized loans, foreign exchange, and derivatives. The conditions for applying for comprehensive credit/loan are recognized collateral and guarantees by cooperating financial institutions. The increased comprehensive credit/loan limit does not equal the actual financing amount, which will depend on the operational funding needs of the Company and its subsidiaries and the actual credit/loan limits agreed upon with the respective financial institutions. The comprehensive credit/loan limit can be reused. Financing within the increased comprehensive credit/loan limit will generally not require further Board approval.
The Board agreed to submit a proposal to the shareholders' meeting to authorize Chairman and legal representative Li Hu to decide on specific matters related to the application for comprehensive credit/loan within the increased limit based on the actual operational funding needs of the Company and its subsidiaries, and to sign relevant agreements and other legal documents. The validity period of the increased comprehensive credit/loan limit and authorization is from the date of approval by the shareholders' meeting until the day before the 2026 annual shareholders' meeting. After the increase of RMB 15 billion in the comprehensive credit/loan limit, the total limit for the Company and its subsidiaries to apply for comprehensive credit/loan from financial institutions in 2026 will not exceed RMB 30 billion. To meet the transaction requirements of relevant institutions and ensure the smooth application for comprehensive credit/loan and related daily operations, the total guarantee amount accepted by the Company and its subsidiaries for 2026 remains unchanged at RMB 13 billion, guaranteed by actual controllers Li Hu and Tian Hua. This proposal has been reviewed and approved by the Company's Board of Directors' Audit Committee. Detailed content can be found in the announcement disclosed by the Company on the same day on the designated information disclosure media and the Giant Tide Information Network (http://www.cninfo.com.cn).
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the Company's second extraordinary shareholders' meeting in 2026 for deliberation.