Announcement of Resolutions of the 25th Meeting of the 7th Board of Directors

Securities Code: 002297 Securities Abbreviation: Boyun New Materials Serial Number: 2026-010 Hunan Boyun New Materials Co., Ltd. Announcement of Resolutions of the 25th Meeting of the 7th Board of Directors The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions. The 25th meeting of the 7th Board of Directors of Hunan Boyun New Materials Co., Ltd. (hereinafter referred to as the "Company") was held on April 8, 2026, in the Company's meeting room through on-site and video conferencing. The meeting notice was sent by email on March 29, 2026. A total of 9 directors were supposed to attend, and 9 directors actually attended. The meeting was presided over by Chairman Mr. Dai Zhili. The meeting complied with the provisions of the "Company Law" and the "Articles of Association." After careful deliberation by the attending directors, all directors voted in writing, and the following resolutions were formed: I. The proposal on the "2025 President's Work Report" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. II. The proposal on the "2025 Board of Directors Report" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. Please refer to the "2025 Board of Directors Work Report" published on the designated media and the CNINFO website (www.cninfo.com.cn). Independent directors submitted their self-evaluation reports to the Board of Directors and will present them at the 2025 Annual General Meeting. The "2025 Independent Directors' Self-Evaluation Report" can be found on the CNINFO website (http://www.cninfo.com.cn). This proposal needs to be submitted to the shareholders' meeting for review. III. The proposal on the "2025 Provision for Asset Impairment Losses" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. The Board of Directors believes that the provision for asset impairment losses complies with and conforms to the "Enterprise Accounting Standards" and the relevant regulations of the "Shenzhen Stock Exchange Stock Listing Rules." This provision for asset impairment losses is based on the principle of prudence, is well-supported, and fairly reflects the Company's financial position, asset value, and operating results as of December 31, 2025, making the accounting information regarding the Company's asset value more true and reliable. Please refer to the "Announcement on the Provision for Asset Impairment Losses for 2025" published on the designated media and the CNINFO website (www.cninfo.com.cn). IV. The proposal on the "2025 Annual Report and its Summary" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. The full text and summary of the 2025 Annual Report can be found on the CNINFO website (www.cninfo.com.cn). The summary of the 2025 Annual Report was also published in the Securities Times and Shanghai Securities News on April 10, 2026. This proposal needs to be submitted to the shareholders' meeting for review. V. The proposal on the "2025 Internal Control Evaluation Report" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. Please refer to the "2025 Internal Control Evaluation Report" published on the CNINFO website (www.cninfo.com.cn). The accounting firm's "Internal Control Audit Report" can be found on the CNINFO website (www.cninfo.com.cn). VI. The proposal on the "2025 Special Report on the Storage, Management, and Use of Raised Funds" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. Please refer to the "Hunan Boyun New Materials Co., Ltd. 2025 Special Report on the Storage, Management, and Use of Raised Funds" published on the CNINFO website (www.cninfo.com.cn). The accounting firm's "Attestation Report on the Hunan Boyun New Materials Co., Ltd. 2025 Special Report on the Storage, Management, and Use of Raised Funds" can be found on the CNINFO website (www.cninfo.com.cn). VII. The proposal on the "2025 Profit Distribution Proposal" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. According to the audit by Lixin Certified Public Accountants (Special General Partnership), the consolidated net profit attributable to shareholders of the listed company in 2025 was 61.8536 million yuan. Combined with the undistributed profit of -224.8180 million yuan carried forward from 2024, the profit available for distribution to shareholders as of December 31, 2025, was -162.9644 million yuan. Given that the profit available for distribution to shareholders in 2025 is still a loss, there is no basis for profit distribution. Therefore, no profit distribution or capital reserve increase will be made in 2025. The decision not to distribute cash dividends in 2025 complies with the relevant laws, regulations, and articles of association, including the "Company Law" and the "Securities Law." This proposal needs to be submitted to the shareholders' meeting for review. VIII. The proposal on "Applying for Credit Line from Banks" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. The Company plans to apply for a comprehensive credit line of no more than RMB 2.305 billion from 16 financial institutions, including China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Export-Import Bank of China, China Development Bank, Bank of Communications, China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, China Guangfa Bank, Industrial Bank, China Everbright Bank, Bank of Hunan, Changsha Bank, and Bank of Beijing. The credit products include, but are not limited to, short-term loans (such as working capital loans), long-term loans (such as fixed asset loans, equipment upgrade loans), bank acceptance bills, guarantees, letters of credit, bill discounts, and other comprehensive services. The specific types, amounts, terms, and interest rates of credit business will be subject to the relevant contracts actually signed by all parties. The validity period of this comprehensive credit line is 12 months from the date of approval by the Board of Directors. During the credit period, the credit line can be used cyclically and can be adjusted among different banks. The actual credit line granted by the Company will be subject to the final approval results of each bank, and the specific amount of credit will be determined based on the Company's actual working capital needs. IX. The proposal on the "2026 Forecast of Related Party Transactions" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Related directors Mr. Dai Zhili, Mr. Jiang Feng, Mr. Liu Yong, Mr. Feng Zhirong, Mr. Jiang Jianxiang, and Mr. Li Hanbo abstained from voting on this proposal. Voting results: 3 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. This proposal was unanimously approved by the 7th Special Committee of Independent Directors of the Company and submitted to the Board of Directors for review. Please refer to the "Announcement on the Forecast of Related Party Transactions for 2026" published on the designated media and the CNINFO website (www.cninfo.com.cn). X. The proposal on the "Evaluation Report on the Self-Assessment of Independent Directors' Independence" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. Based on the "2025 Independent Directors' Self-Assessment Report" issued by the Company's independent directors, the independence of the Company's independent directors meets the requirements of laws and regulations such as the "Management Measures for Independent Directors of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Normative Operation of Main Board Listed Companies." The specific content can be found in the "Special Opinion of the Board of Directors on the Self-Assessment of Independent Directors' Independence" published on the CNINFO website (www.cninfo.com.cn). XI. The proposal on the "2025 Audit Committee Performance Report" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. Please refer to the "2025 Audit Committee Performance Report" published on the CNINFO website (www.cninfo.com.cn). XII. The proposal on "Re-appointment of Accounting Firm" of Hunan Boyun New Materials Co., Ltd. was reviewed and approved; Voting results: 9 votes in favor, 0 votes against, 0 abstentions, the proposal was passed. The Company plans to continue to engage Lixin Certified Public Accountants (Special General Partnership) as the Company's financial audit institution for 2026. The specific content can be found in the "Announcement on Re-appointment of Accounting Firm" published on the designated media and the CNINFO website (www.cninfo.com.cn). This proposal needs to be submitted to the shareholders' meeting for review. Hereby announced. Hunan Boyun New Materials Co., Ltd. Board of Directors April 8, 2026