I. Meeting Information
The 11th meeting of the 8th Board of Directors was notified on July 6, 2025, and held via communication on July 11, 2025. A total of 8 directors were required to attend, and all 8 directors were present. The meeting complied with relevant laws, regulations, and the company's articles of association.
II. Meeting Resolutions
The following proposals were approved by a named vote:
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Proposal on the Management Team's Performance Targets for 2025
The Board determined the performance targets for the management team for 2025 according to the management term system and contractual management requirements. Director Yan Ning, who also serves as the General Manager, abstained from voting on this proposal.
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions.
This proposal was previously approved unanimously by the Compensation and Assessment Committee of the 8th Board of Directors in its 4th meeting of 2025. -
Proposal on the "High-Power Wind Power Precision Bearing Capacity Enhancement Technology Transformation Project" by Zhaoyuan Technology
The subsidiary Luoyang Zhaoyuan Technology Co., Ltd. plans to invest in a project to enhance the capacity of high-power wind power precision bearings, focusing on high-end equipment components. The total investment for this project is 99.52 million yuan.
Voting Results: 8 votes in favor, 0 votes against, 0 abstentions.
This proposal was previously approved unanimously by the Strategy and Investment Committee of the 8th Board of Directors in its 3rd meeting of 2025. -
Proposal to Amend the Articles of Association and Adjust Internal Supervision Institutions
Voting Results: 8 votes in favor, 0 votes against, 0 abstentions.
The details of this proposal were published on the same day in various financial newspapers and on the website www.cninfo.com.cn. This proposal will be submitted to the 3rd extraordinary shareholders' meeting of 2025 for review.