Stock Code: 002587
Stock Abbreviation: Auto Electronics
Announcement Number: 2026-057
Shenzhen Auto Electronics Co., Ltd.
Resolution Announcement of the 10th Meeting of the 6th Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
On August 18, 2026, the 6th Board of Directors of Shenzhen Auto Electronics Co., Ltd. (hereinafter referred to as the "Company") held its 10th meeting in the conference room on the 9th floor of the United Headquarters Building, High-tech Park, Nanshan District, Shenzhen. The notice was delivered to all directors in person or by email on August 12, 2026. The meeting was held in a combination of on-site and teleconference formats. Seven directors were expected to attend, and seven directors actually attended. Among them, Director Jiao Renquan and Independent Director Jin Baishun participated in the voting via teleconference.
The meeting was convened and presided over by Chairman Mr. Wu Hanshu. All senior management personnel of the Company attended the meeting. The meeting was convened and voted in accordance with the provisions of the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), relevant laws, administrative regulations, normative documents, and the Articles of Association of Shenzhen Auto Electronics Co., Ltd. (hereinafter referred to as the "Articles of Association"). The Company's Board of Directors strictly controlled the scope of insiders and informed all directors and senior management personnel of their obligations regarding confidentiality and the prohibition of insider trading. The attending directors reviewed and approved the following proposals by open ballot:
I. Approval of the Proposal on the Company Meeting the Conditions for Issuing Shares to Specific Objects Through a Simplified Procedure.
In accordance with the "Company Law," the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for the Registration of Securities Issuances by Listed Companies" (hereinafter referred to as the "Registration Measures"), and other relevant laws, regulations, normative documents, and the "Articles of Association," the Company's Board of Directors, in conjunction with the Company's actual situation, has conducted a item-by-item self-inspection and verification against the conditions and requirements for listed companies to issue shares to specific objects through a simplified procedure, and believes that the Company meets all the conditions and requirements for issuing shares to specific objects through a simplified procedure.
This proposal was reviewed and approved by the Board's Audit Committee, Strategy Committee, and Independent Directors' Special Committee before being submitted to the Board of Directors for deliberation.
The proposal for authorizing the Board of Directors to handle the issuance of shares to specific objects through a simplified procedure was approved at the 2025 Annual Shareholders' Meeting held on May 18, 2026. Therefore, this proposal and other proposals related to this share issuance do not need to be submitted to the Company's Shareholders' Meeting again.
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions.
II. Item-by-Item Approval of the Proposal on the Company's 2026 Plan for Issuing Shares to Specific Objects Through a Simplified Procedure.
- Type and Par Value of Shares to be Issued
The shares to be issued will be RMB ordinary shares (A shares) listed in China, with a par value of RMB 1.00 per share.
- Issuance Method and Time
The shares will be issued to specific objects through a simplified procedure. The issuance and payment will be completed within ten working days after the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") approves the registration.