Company Code: 002778
Company Name: Zhong Sheng High-Tech Environment Co., Ltd.
Stock Abbreviation: Zhong Sheng High-Tech
Number: 2026-023
Resolution Announcement of the Second Meeting of the Tenth Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
The Second Meeting of the Tenth Board of Directors of Jiangsu Zhong Sheng High-Tech Environment Co., Ltd. (hereinafter referred to as the "Company") was held on August 7, 2026, in the Company's meeting room through a combination of on-site and teleconference methods. The meeting notice was issued on August 4, 2026, via telephone and internet communication. With the consent of all directors, the notice period for this meeting was waived. Nine directors were required to attend, and nine directors were present. Senior management personnel of the Company attended the meeting. The convening of this meeting complies with the provisions of the "Company Law," "Articles of Association," and other laws and regulations. The meeting was presided over by Chairman Mr. Yang Chengxian. The following proposals were considered and approved by a show of hands, and resolutions were formed.
I. Approval of the Proposal on Establishing a Wholly-Owned Subsidiary in Fuqing City, Jiangyin Town
Based on the Company's future strategic planning and overall development layout, the Company intends to invest RMB 30 million of its own funds or self-raised funds to establish a wholly-owned subsidiary in Jiangyin Town, Fuqing City, named "Jingsheng (Fujian) New Material Co., Ltd." (tentative name, subject to final approval by the industrial and commercial registration authority). Through this subsidiary, the Company plans to invest in the "Jingsheng (Fujian) New Material Polypropylene Deep Processing Project." The Company hereby authorizes the Company's management to handle all registration and filing procedures for this outward investment.
Key information on the proposed wholly-owned subsidiary is as follows:
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Company Name: Jingsheng (Fujian) New Material Co., Ltd. (tentative name, subject to final approval by the industrial and commercial registration authority)
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Registered Capital: RMB 30 million
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Business Scope: Manufacturing of synthetic materials (excluding hazardous chemicals); sales of synthetic materials; manufacturing of synthetic fibers; sales of synthetic fibers; manufacturing of engineering plastics and synthetic resins; sales of engineering plastics and synthetic resins; manufacturing of plastic products; sales of plastic products; production of chemical products (excluding licensed chemical products); sales of chemical products (excluding licensed chemical products); manufacturing of rubber products; sales of rubber products; manufacturing of medical packaging materials; manufacturing of industrial textile products; sales of industrial textile products; processing of renewable resources; sales of renewable resources; research and development of resource recycling and utilization technology; processing of non-metallic waste and debris; research and development of new materials technology; promotion services for new materials technology; engineering and technical research and experimental development; technical services, technology development, technical consulting, technical exchange, technology transfer, technology promotion. (Except for projects subject to approval according to law, business activities can be independently carried out with the business license). The business scope is subject to the final approval by the industrial and commercial registration authority.