Kaired 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 25th meeting of the 7th Board of Directors was held on April 28, 2020, in a combination of in-person and communication methods (the notice of this meeting was delivered to all directors, supervisors, and senior management via email, phone, and personal delivery). A total of 7 directors were supposed to participate in the vote, and all 7 directors participated in the vote. The meeting procedures complied with the provisions of the Company Law of the People's Republic of China and the Articles of Association of Kaired 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:
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The "2019 Annual Work Report of the Board of Directors" was approved. The detailed content of the "2019 Annual Work Report of the Board of Directors" can be found in Section 4 "Discussion and Analysis of Operating Conditions" of the Company's "2019 Annual Report." The independent directors submitted their performance reports to the Board and will present them at the 2019 annual shareholders' meeting. The Company's "2019 Annual Report" and "Independent Directors' 2019 Performance Report" have been disclosed on the Giant Tide Information Network (http://www.cninfo.com.cn) on the same day. Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This report will be submitted to the Company's 2019 annual shareholders' meeting for review.
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The "2019 Annual General Manager Work Report" was approved. The General Manager reported to the Board on the Company's operating conditions, main work situations, and work plans for 2020. The meeting approved the "2019 Annual General Manager Work Report." Voting results: 7 votes in favor, 0 votes against, 0 abstentions.
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The "2019 Annual Financial Settlement Report" was approved. In 2019, the Company achieved operating income of RMB 15,326,699.97, with a net profit attributable to shareholders of the listed company of RMB 8,541,181.02, and basic earnings per share of RMB 0.0485. As of December 31, 2019, the Company's total assets were RMB 602,762,810.19, and the equity attributable to shareholders of the listed company was RMB 23,584,649.39. These financial indicators have been confirmed by the audit report issued by Asia-Pacific (Group) CPA Firm (Special General Partnership). Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This report will also be submitted to the Company's 2019 annual shareholders' meeting for review.
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The "Full Text and Summary of the 2019 Annual Report" was approved. The "2019 Annual Report" and the audit report issued by the auditing agency have been disclosed on the Giant Tide Information Network (http://www.cninfo.com.cn) on the same day. Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This report will also be submitted to the Company's 2019 annual shareholders' meeting for review.