I. Meeting Information
Guangdong Xianglu Tungsten Industry Co., Ltd. (hereinafter referred to as "the Company") held the second extraordinary meeting of the fifth board of directors (hereinafter referred to as "the Meeting") on March 31, 2026, at 10:00 AM in the company conference room, conducted both in-person and via communication. The notice for this meeting was sent out on March 28, 2026, via email and other means. The meeting was chaired by Mr. Chen Qifeng, the chairman, with 7 directors present, all of whom were in attendance. Senior management of the company also attended the meeting. The convening and procedures of the meeting complied with the provisions of the Company Law of the People's Republic of China and the Articles of Association.
II. Meeting Resolutions
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Approval of the "2025 Annual Board Work Report" Proposal
Detailed content can be found in the "2025 Annual Board Work Report" disclosed on the same day on the Giant Tide Information Network (www.cninfo.com.cn). The independent directors Huang Weikun, Zhang Li, and Liu Liang submitted their "2025 Independent Directors' Work Reports" to the board and will present them at the company's 2025 annual shareholders' meeting.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the company's 2025 annual shareholders' meeting for review. -
Approval of the "2025 Annual General Manager Work Report" Proposal
The attending directors carefully listened to the general manager's "2025 Annual General Manager Work Report" and deemed it to objectively and truthfully reflect the management's implementation of board and shareholders' resolutions, management of production operations, and execution of various company systems during the reporting period.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. -
Approval of the "2025 Annual Report and Summary" Proposal
Detailed content can be found in the "2025 Annual Report Summary" disclosed on the same day in the China Securities Journal, Shanghai Securities Journal, Securities Times, Securities Daily, and on the Giant Tide Information Network (www.cninfo.com.cn). The company's directors and senior management signed written confirmation opinions on the "2025 Annual Report." This proposal has been reviewed and approved by the company's fifth board of directors' audit committee at its second meeting in 2026.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the company's 2025 annual shareholders' meeting for review. -
Approval of the "2025 Annual Profit Distribution Plan" Proposal
In accordance with the Company Law of the People's Republic of China and the Articles of Association, and considering the company's business development plan, the proposed profit distribution plan for 2025 is to distribute a cash dividend of RMB 1.38 (tax included) for every 10 shares based on a total share capital of 327,172,422 shares, with an expected total cash dividend of RMB 45,149,794.24. There will be no bonus shares or capital increase this year. If there are changes in the total share capital from the date of this announcement until the implementation of the dividend distribution, the total distribution amount will remain unchanged, and the per-share distribution ratio will be adjusted accordingly. Detailed content can be found in the "2025 Annual Profit Distribution Plan Announcement" disclosed on the same day in the China Securities Journal, Shanghai Securities Journal, Securities Times, Securities Daily, and on the Giant Tide Information Network (www.cninfo.com.cn). This proposal has been reviewed and approved by the company's fifth board of directors' second independent directors' special meeting in 2026.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the company's 2025 annual shareholders' meeting for review.