I. Meeting Information
The 16th meeting of the 4th Board of Directors of Tibet Gaozheng Mining Explosives Co., Ltd. (hereinafter referred to as "the Company") was convened on April 7, 2026, at 09:30 AM in the third-floor conference room of the Company, combining in-person and remote participation. The meeting was attended by all 9 directors, including Hu Xiaodong, a member of the Party Committee and Secretary of the Discipline Inspection Commission, and senior management members Shi Kehong, Zhang Xilai, Luo Naixin, and Wang Le. The meeting was convened and presided over by Mr. Yu Wenrong, the Chairman of the Company. The convening, holding, and voting procedures of this meeting comply with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association, and are legal and valid.
II. Meeting Resolutions
After careful deliberation by the attending directors, the following resolutions were adopted by a named vote:
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The meeting approved the "2025 Annual Work Report of the Board of Directors" with 9 votes in favor, 0 against, and 0 abstentions. In 2025, the Board of Directors strictly adhered to the provisions of the Company Law, Securities Law, and the Articles of Association, diligently executing the resolutions of the shareholders' meeting, operating in a standardized manner, and making scientific decisions. All directors fulfilled their responsibilities well. The independent directors Cao Minzhong, Hu Yangxuan, and Zhu Bo submitted their "2025 Annual Performance Reports" to the Board, which will be presented at the 2025 annual shareholders' meeting. The full "2025 Annual Work Report of the Board of Directors" and the "2025 Annual Performance Reports of Independent Directors" can be found on the Giant Tide Information Network (http://www.cninfo.com.cn). This proposal is subject to review by the 2025 annual shareholders' meeting. The Company and all members of the Board guarantee the authenticity, accuracy, and completeness of the disclosed information, with no false records, misleading statements, or significant omissions.
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The meeting approved the "2025 Annual General Manager Work Report" with 9 votes in favor, 0 against, and 0 abstentions. The management provided a detailed report on the Company's production and operational situation for 2025 and the work plan for 2026.