Kairui De Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
The 20th meeting of the 7th Board of Directors was held on December 27, 2019, in a combination of on-site and remote communication methods (the notice of this meeting was delivered to all directors via email, phone, and personal delivery). A total of 7 directors were required to participate in the vote, and all 7 directors participated in the voting. The meeting procedures complied with the provisions of the Company Law of the People's Republic of China and the Articles of Association of Kairui De Holdings Co., Ltd., and were legal and valid. The meeting was convened and presided over by Chairman Mr. Ji Xiaowen. After careful deliberation by all attending directors, the following proposals were approved by a named vote: