Stock Code: 002405 Stock Abbreviation: BDStar Announcement No.: 2026-011
Beijing BDStar Navigation Co., Ltd. Announcement of Resolutions of the 19th Meeting of the 6th Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or significant omissions.
I. Convening of the Board Meeting
Beijing BDStar Navigation Co., Ltd. (hereinafter referred to as the "Company") sent the "Notice on Convening the 19th Meeting of the 6th Board of Directors" to all directors and relevant personnel via email on April 16, 2026. The 19th Meeting of the 6th Board of Directors (hereinafter referred to as the "Meeting") was held on April 27, 2026, at the BDStar Navigation Building, No. 56, International Enterprise Avenue, Jingyuan North Street, Beijing Economic-Technological Development Area. A total of 9 directors were eligible to attend, and 9 directors actually attended. The meeting was presided over by Mr. Zhang Ying, Chairman of the Company. Senior management personnel of the Company attended the meeting as non-voting attendees. The convening of this meeting complies with relevant laws, administrative regulations, departmental rules, and the Articles of Association of Beijing BDStar Navigation Co., Ltd. The meeting is legal and valid.
II. Deliberation Matters of the Board Meeting
- Approval of the "2025 Annual Work Report of the Board of Directors" and submission for deliberation at the 2025 Shareholders' Meeting: Voting results: 9 votes in favor, 0 votes against, 0 abstentions. The full text of the report can be found on the Juchao Information Network (www.cninfo.com.cn) on the same day, in the "Management Discussion and Analysis" section of the "2025 Annual Report."
Independent Directors Ren Guangming, Wang Xiaochuan, and Wang Xiao presented their "2025 Annual Independent Director Performance Reports" to the Board, and will present them at the Company's 2025 Shareholders' Meeting. Former Independent Director Li Keqiang submitted his "2025 Annual Independent Director Performance Report" to the Board. For details, please refer to the "2025 Annual Independent Director Performance Report" published on the Juchao Information Network (www.cninfo.com.cn) on the same day.
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Approval of the "Full Text and Summary of the Company's 2025 Annual Report" and submission for deliberation at the 2025 Shareholders' Meeting: Voting results: 9 votes in favor, 0 votes against, 0 abstentions. Please refer to the "2025 Annual Report" published on the Juchao Information Network (www.cninfo.com.cn) on the same day, and the "2025 Annual Report Summary" published in the Securities Times, China Securities Journal, and on the Juchao Information Network (www.cninfo.com.cn).
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Approval of the "2025 Financial Final Accounts Report" and submission for deliberation at the 2025 Shareholders' Meeting: Voting results: 9 votes in favor, 0 votes against, 0 abstentions. Please refer to the "2025 Financial Final Accounts Report" published on the Juchao Information Network (www.cninfo.com.cn) on the same day.
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Approval of the "Proposal on the Company's Proposed Non-Distribution of Profits for 2025" and submission for deliberation at the 2025 Shareholders' Meeting: According to the standard unqualified audit report (XYZH/2026BJAA7B0290) issued by Xinyongzhonghe Certified Public Accountants (Special General Partnership), the Company's consolidated net profit attributable to shareholders of the listed company for 2025 was RMB 103,535,417.11, and the undistributed profit at the end of the period was -RMB 869,209,344.29. The parent company's net profit was RMB 788,191,320.28, and the undistributed profit at the end of the period was RMB 395,250,245.76.
After considering various factors, the Company's proposed profit distribution plan for 2025 is: no cash dividends, no bonus shares, and no capital reserve increase.