Securities Code: 002290 Securities Abbreviation: Hesheng New Material Announcement Number: 2026-029 Suzhou Hesheng New Material Co., Ltd. Resolution Announcement of the 10th Meeting of the 7th Board of Directors The Company and all members of the Board of Directors guarantee that the information disclosed in this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions for which they are jointly and severally liable.
I. Convening of the Board Meeting
With the consent of all directors, the 10th meeting of the 7th Board of Directors of Suzhou Hesheng New Material Co., Ltd. (hereinafter referred to as the "Company") was held via communication voting on April 10, 2026, at 14:00. Seven directors were required to attend, and seven directors actually attended. The meeting was presided over by Chairman Mr. Liang Xu, and senior management personnel of the Company attended the meeting. The number of attendees met the quorum for convening a board meeting, and the meeting procedures complied with the provisions of the "Company Law" and the "Articles of Association." The meeting was legal and valid.
II. Deliberation of the Board Meeting
After deliberation by the attending directors, the following proposals were approved via communication voting:
(I) Proposal on Capital Increase in Investee Company Shanghai Yizhi Electronics Technology Co., Ltd. and Related Party Transaction
The Board of Directors agreed that the Company will continue to subscribe for an additional registered capital of RMB 233 million with its own funds or self-raised funds in Yizhi Electronics, representing an 8.2245% equity stake in Yizhi Electronics. The management is authorized to handle the relevant matters of this investment within the scope of authorization by the shareholders' meeting. Voting results: 6 votes in favor, 0 votes against, 0 abstentions. The above proposal has been unanimously approved by the Independent Directors' Special Committee meeting and agreed to be submitted to the Board of Directors for deliberation. Related director Luo Yinghua abstained from voting. This proposal is still subject to approval by the Company's shareholders' meeting. For detailed content, please refer to the "Announcement on Capital Increase in Investee Company Shanghai Yizhi Electronics Technology Co., Ltd. and Related Party Transaction" disclosed on the Juchao Information Network (www.cninfo.com.cn) and in the "Securities Times" on April 11, 2026.