001358SZSE

Announcement of Resolutions from the 16th Meeting of the 3rd Board of Directors

Xingxin New Materials Co., Ltd.··3 pages

✨ AI Summary

The 16th meeting of the 3rd Board of Directors of Shaoxing Xingxin New Materials Co., Ltd. was held on May 27, 2026. Key decisions included the failure to unlock the first phase of the 2025 employee stock ownership plan due to unmet performance targets, and the approval to use excess funds for capital increase in a wholly-owned subsidiary. A second extraordinary shareholders' meeting is scheduled for June 15, 2026.

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Full Translation

AI Translation· azure_openai

I. Meeting Information

The 16th meeting of the 3rd Board of Directors of Shaoxing Xingxin New Materials Co., Ltd. (hereinafter referred to as "the Company") was held on May 27, 2026 (Wednesday) in the second-floor conference room of the Company, combining in-person and communication methods. The meeting notice was sent out via communication on May 22, 2026. Independent directors Ms. Chen Xiangyu, Ms. Ge Fengyan, and Mr. Gu Lingfeng attended the meeting via communication. There were 7 directors required to attend, and all 7 directors were present. The meeting was chaired by Mr. Ye Ting, the chairman of the board, and senior management of the Company attended the meeting. The convening and holding of the meeting complied with relevant laws, regulations, rules, and the Company's Articles of Association.

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