I. Meeting Information
The notice for the 33rd meeting of the 5th Board of Directors of Shandong Daon Polymer Materials Co., Ltd. (hereinafter referred to as "the Company") was sent to all directors via email and personal delivery on February 13, 2026. The meeting was held on February 26, 2026, in a hybrid format of in-person and communication. A total of 9 directors were supposed to attend, and all 9 attended, including independent directors Mr. Wang Yimin, Mr. Yang Xiyong, and Mr. Che Guang participating via video. The meeting was convened and presided over by Chairman Mr. Yu Xiaoning, with some senior management and the board secretary present. The convening, holding, and voting procedures of this meeting complied with the relevant provisions of the Company Law and other laws, regulations, normative documents, and the Articles of Association, making it legal and valid.
II. Meeting Resolutions
(1) Approval of the Proposal to Adjust the Asset Acquisition and Fundraising Plan
The board approved the proposal to adjust the plan for issuing shares and paying cash to acquire assets and raise matching funds. The Company intends to acquire 100% equity of Shandong Daon Titanium Industry Co., Ltd. (hereinafter referred to as "Daon Titanium" or "the Target Company") through issuing shares and cash payment, and to issue shares to no more than 35 specific investors to raise matching funds (hereinafter referred to as "this transaction"). Given that the evaluation benchmark date for this transaction has been updated to June 30, 2025, the Company and all board members guarantee that the content of the information disclosure is true, accurate, complete, and free from false records, misleading statements, or significant omissions.
The Company plans to adjust the transaction price, fundraising, and performance commitments related to this transaction. The adjustments to the proposal approved at the 2025 third extraordinary general meeting are as follows: