Sieyuan Electric Co., Ltd. 2025 First Extraordinary Shareholders' Meeting Materials

Sieyuan Electric Co., Ltd. 2025 First Extraordinary Shareholders' Meeting Notice

The company has decided to hold the 2025 first extraordinary shareholders' meeting on December 31, 2025 (Wednesday). The meeting will take place at 15:30 in Meeting Room 107, No. 3399 Huanning Road, Minhang District, Shanghai. To protect the legitimate rights and interests of shareholders and ensure the normal order and efficiency of the meeting, shareholders are reminded of the following:

1. The company is responsible for the procedural arrangements and meeting logistics. Attendees should follow the staff's arrangements to maintain order.
2. To ensure the meeting's normal order, the company reserves the right to refuse entry to individuals other than attending shareholders, directors, supervisors, the board secretary, senior management, and witnessing lawyers. The company will take necessary measures against behaviors that disrupt the meeting or harm other shareholders' rights.
3. Shareholders have the right to speak and ask questions at the meeting. Those wishing to speak must notify the meeting host at least fifteen minutes before the meeting starts. Each shareholder's speech should focus on the meeting agenda and be concise, ideally not exceeding three minutes, to allow others to speak. The company's directors, supervisors, and senior management will respond to shareholders' questions seriously. Shareholders may not interrupt the meeting agenda without cause.
4. Voting will be conducted through a combination of on-site and online voting. The company will provide an online voting platform through the Shenzhen Stock Exchange trading system and internet voting system, allowing shareholders to exercise their voting rights during the designated voting period. Shareholders may choose either on-site or online voting; if the same voting right is voted on multiple times, the first vote will prevail.
5. Regarding on-site voting:
   1. Shareholders participating in on-site voting must fill out voting ballots for each proposal.
   2. Shareholders must sign the ballot; if an agent is voting, they must indicate the shareholder's name (or personal name) and also sign as the agent. Ballots without signatures will be considered invalid, and the corresponding shareholder's voting right will be treated as "abstained."
   3. After the voting on proposals is concluded, the staff will collect the ballots.
   4. Once the host announces the end of on-site voting, submitted ballots will not be counted in the results.
6. After the meeting, shareholders with any questions or suggestions should contact the company's securities department.

Proposal 1: Proposal to Cancel the Supervisory Board and Amend the Articles of Association

Dear shareholders and representatives: To fully implement the latest legal and regulatory requirements, ensure that corporate governance aligns with regulatory provisions, and further improve the corporate governance structure, the company proposes to abolish the supervisory board and supervisors. The powers of the supervisory board will be exercised by the audit committee of the board of directors. Provisions related to the supervisory board and supervisors in the company's governance documents will no longer apply, and corresponding amendments will be made to the Articles of Association of Sieyuan Electric Co., Ltd. This proposal has been approved by the 26th meeting of the 8th board of directors. For details, please refer to the announcement published on December 16, 2025, in the Securities Times and on the China Securities Regulatory Commission's designated information disclosure website. The board also requests the shareholders' meeting to authorize the chairman or authorized personnel to handle matters related to industrial and commercial registration changes and articles filing.
Siyuan Electric Co., Ltd. 8th Board of Directors

Proposal 2: Proposal to Abolish the Rules of Procedure for the Supervisory Board

Dear shareholders and representatives: To further improve the corporate governance structure and promote standardized operations, the company proposes to abolish the Rules of Procedure for the Supervisory Board. This proposal has been approved by the 26th meeting of the 8th board of directors and is submitted for consideration at this shareholders' meeting.
Siyuan Electric Co., Ltd. 8th Board of Directors