Securities Code: 002426 Securities Abbreviation: Victory Precision Announcement No.: 2026-005 Suzhou Victory Precision Manufacturing Technology Co., Ltd. Announcement of Resolutions of the 21st 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, and are free from false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The 21st meeting of the 6th Board of Directors of Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company" or "Victory Precision") was convened. Meeting notices were sent via email and special delivery on April 15, 2026. The meeting was held on April 24, 2026, at 10:00 AM in the Company's conference room, combining on-site and telecommunication methods. Directors Mr. Zhang Junjie, Independent Directors Ms. Wang Jing, and Ms. Zhang Xuefen participated via telecommunication. A total of 6 directors were eligible to attend, and 6 directors were present. The meeting was presided over by Chairman Mr. Xu Yang, with senior management personnel in attendance. The convening of this meeting complies with the relevant provisions of the "Company Law" and the "Articles of Association."
II. Deliberation and Resolution of the Board Meeting
After careful deliberation by the attending directors, the following proposals were passed by voting, forming the following resolutions:
(I) Resolution on the Proposal Regarding the "2025 General Manager's Work Report" Voting results: 6 votes in favor, 0 votes against, 0 abstentions.
(II) Resolution on the Proposal Regarding the "2025 Board of Directors' Work Report" The full text of the "2025 Board of Directors' Work Report" can be found on the CNINFO website (www.cninfo.com.cn). Independent Directors Ms. Zhang Xuefen and Ms. Wang Jing submitted their "2025 Independent Director Performance Reports" to the Board, and will present their reports at the Company's 2025 Annual General Meeting. The full text of these reports can be found on the CNINFO website (www.cninfo.com.cn). Voting results: 6 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the Company's general meeting of shareholders for deliberation and approval.
(III) Resolution on the Proposal Regarding the "2025 Annual Report and Annual Report Summary" The full text of the Company's 2025 Annual Report can be found on the CNINFO website (www.cninfo.com.cn). The summary of the Company's 2025 Annual Report can be found in the "2025 Annual Report Summary" disclosed by the Company in the designated media "Securities Times" and on the CNINFO website (www.cninfo.com.cn) (Announcement No.: 2026-006). The Company's Board Audit Committee had previously reviewed and approved this proposal and agreed to submit it to the Board for deliberation. Voting results: 6 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the Company's general meeting of shareholders for deliberation and approval.
(IV) Resolution on the Proposal Regarding the "2025 Profit Distribution Proposal" Audited by Dahua Certified Public Accountants (Special General Partnership), the net profit attributable to shareholders of the listed company in 2025 was -711,423,191.31 yuan. The net profit of the parent company in 2025 was -318,750,605.30 yuan. As of December 31, 2025, the accumulated undistributed profit in the consolidated financial statements was -5,357,525,834.46 yuan, and the accumulated undistributed profit in the parent company's financial statements was -2,725,416,247.20 yuan. This does not meet the conditions for cash dividends stipulated by the "Company Law," "Guiding Opinions No. 3 of the China Securities Regulatory Commission on Listed Companies' Cash Dividends," and the "Articles of Association." Therefore, it is proposed not to distribute profits for 2025, not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital. For details, please refer to the "Announcement on Not Distributing Profits for 2025" disclosed by the Company in the designated media "Securities Times" and on the CNINFO website (www.cninfo.com.cn) (Announcement No.: 2026-007). Voting results: 6 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the Company's general meeting of shareholders for deliberation and approval.