Stock Code: 002396 Stock Abbreviation: Star-Net Communication Fujian Star-Net Communication Co., Ltd. Announcement No.: Lin 2026-05 The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The notice for the 19th meeting of the 7th Board of Directors of Fujian Star-Net Communication Co., Ltd. (hereinafter referred to as the "Company") was sent by email on March 16, 2026. The meeting was held in person on March 26, 2026, in the conference room on the 22nd floor, Building A, Phase III, Star-Net Communication Technology Park, No. 33 Xingang Avenue, High-tech Zone, Fuzhou City, Fujian Province. Nine directors were eligible to attend, and nine directors were present. Senior management personnel of the Company attended the meeting. The meeting was convened and presided over by Chairman Ruan Jiayong. The notice, convening, and voting procedures of this meeting comply with the "Company Law of the People's Republic of China" and other relevant laws, administrative regulations, departmental rules, normative documents, and the "Articles of Association" of the Company.
II. Deliberation of the Board Meeting
The following resolutions were deliberated and passed by a show of hands vote on a proposal-by-proposal basis at this meeting:
(I) The meeting, with 9 votes in favor, 0 votes against, and 0 abstentions, approved the "2025 Annual Work Report of the Board of Directors".
During the reporting period, the Board of Directors strictly followed the "Company Law", "Securities Law", "Main Board Listing Rules of the Shenzhen Stock Exchange", "Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 1 - Standardized Operation of Main Board Listed Companies", and other laws and regulations, as well as the "Articles of Association", "Shareholder Meeting Rules", "Board Meeting Rules", and other company systems. The Board of Directors conscientiously fulfilled its duties entrusted by the shareholders' meeting, strictly implemented all resolutions of the shareholders' meeting, diligently carried out various tasks, and actively promoted the implementation of all resolutions of the Board of Directors.
This proposal needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for review. For the specific content of the "2025 Annual Work Report of the Board of Directors", please refer to the "Chapter 3 Management Discussion and Analysis" and "Chapter 4 Corporate Governance" in the Company's "2025 Annual Report" published on the Company's designated information disclosure website, CNinfo.com.cn.
Independent Directors Xie Bangsheng, Hong Fangfang, and Zheng Xianghan of the Company's 7th Board of Directors submitted their "Independent Director Performance Reports" at this meeting and will present their reports at the Company's 2025 Annual Shareholders' Meeting. For details, please refer to the Company's designated information disclosure website, CNinfo.com.cn.
The Company's independent directors submitted the "Report on the Self-Inspection of Independent Directors' Independence" to the Board of Directors. The Board of Directors evaluated the independence of the incumbent independent directors and issued a special opinion. For specific content, please refer to the "Special Report of the Board of Directors on the Self-Inspection of Independent Directors' Independence" disclosed on CNinfo.com.cn on the same day.
(II) The meeting, with 9 votes in favor, 0 votes against, and 0 abstentions, approved the "2025 Annual General Manager Work Report".
Mr. Huang Changhong, General Manager of the Company, reported the Company's operating conditions in 2025 and the operating plan for 2026 to the Board of Directors.
For detailed content, please refer to Chapter 3 "Management Discussion and Analysis" in the "2025 Annual Report".
(III) The meeting, with 9 votes in favor, 0 votes against, and 0 abstentions, approved the "Proposal on the 2025 Profit Distribution and Capital Reserve Increase Plan".