Announcement of Resolutions from the Second Extraordinary Shareholders' Meeting of 2025

Zhejiang Kane Special Materials Co., Ltd.

Announcement of Resolutions from the Second Extraordinary Shareholders' Meeting of 2025

The company and all members of the board of directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

1. There were no new, changed, or rejected proposals during this shareholders' meeting.

2. There were no changes to previous shareholders' meeting resolutions during this shareholders' meeting.

3. This shareholders' meeting was conducted in a combined format of on-site meeting and online voting.

I. Meeting Details

1. Date and Time of the Meeting

(1) On-site meeting time: November 20, 2025 (Thursday) at 14:30

(2) Online voting time: November 20, 2025 (Thursday) via the Shenzhen Stock Exchange trading system from 09:15-09:25, 09:30-11:30, and 13:00-15:00; via the Shenzhen Stock Exchange internet voting system at any time from 09:15 to 15:00 on November 20, 2025.

1. Location of the On-site Meeting: Room 306, 3rd Floor, Block H, No. 5 Shuguang West Lane, Chaoyang District, Beijing

2. Method of Meeting: The shareholders' meeting was held in a combined format of on-site voting and online voting.

3. Convener: Board of Directors

4. Chairperson of the Meeting: Director Yang Zhaoyu (Chairman Liu Xi was unable to host the meeting due to business travel; a majority of directors elected Director Yang Zhaoyu to chair the meeting)

5. The convening, holding, and voting procedures of this shareholders' meeting comply with the provisions of the Company Law, Rules for Shareholders' Meetings of Listed Companies, Stock Listing Rules of the Shenzhen Stock Exchange, and the Articles of Association.

II. Attendance

1. Overall Attendance:

A total of 105 shareholders and shareholder representatives participated in the voting, representing 107,730,428 shares with voting rights, accounting for 23.0378% of the total shares with voting rights of the company.

1. On-site Meeting Attendance:

A total of 2 shareholders and shareholder representatives attended the on-site meeting, representing 102,468,017 shares with voting rights, accounting for 21.9124% of the total shares with voting rights of the company.

1. Online Voting Attendance:

A total of 103 shareholders participated in online voting, representing 5,262,411 shares with voting rights, accounting for 1.1253% of the total shares with voting rights of the company.

1. Some directors, supervisors, the board secretary, and witnessing lawyers attended the meeting, along with some senior management personnel.