Resolution Announcement of the 20th Meeting of the 7th Board of Directors

Resolution Announcement of the 20th Meeting of the 7th Board of Directors

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

The 20th meeting of the 7th Board of Directors of Shenzhen Zhaoxin New Energy Co., Ltd. (hereinafter referred to as the "Company") was held via written voting on August 12, 2026, at 2:30 PM. The meeting notice was sent to all directors and senior management via email and telephone on August 7, 2026.

Seven directors were required to attend the meeting, and seven directors actually participated in the voting. Senior management personnel of the Company attended the meeting. The meeting was presided over by Chairman Mr. Liu Gongzhi. The convocation, convening, and voting procedures of the meeting comply with relevant national laws, regulations, and the Articles of Association. After deliberation by the attending directors, resolutions were formed via written voting as follows:

1. The proposal "Resolution on the Bidding Results of the Company's Targeted Private Placement of Shares for 2026 via Simplified Procedures" was deliberated and approved with 7 votes in favor, 0 votes against, and 0 abstentions.

In accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for the Registration of Securities Issuances by Listed Companies," the "Implementation Rules for Securities Issuance and Underwriting Business of Shenzhen Stock Exchange," and other relevant laws, regulations, and normative documents, as well as the authorization from the Company's 2025 Annual General Meeting of Shareholders, the Company and its sponsor (underwriter) Zhongtai Securities Co., Ltd. sent the "Invitation Letter for Subscription of Shares by Specific Targets of Shenzhen Zhaoxin New Energy Co., Ltd. for 2026 via Simplified Procedures" (hereinafter referred to as the "Invitation Letter") to qualified investors on August 4, 2026. August 5, 2026, was the first day of the offering period. After investors submitted their bids on August 7, 2026, and in accordance with the principles for determining the offering targets, offering prices, and allocated shares in the "Invitation Letter," the Board of Directors confirms the final bidding results of the Company's targeted private placement of shares for 2026 via simplified procedures (hereinafter referred to as the "Current Offering") are as follows: