Shenzhen Megmeet Electrical Co., Ltd. Resolution of the Fifth Extraordinary Meeting of the Sixth Board of Supervisors
The Fifth Extraordinary Meeting of the Sixth Board of Supervisors of Shenzhen Megmeet Electrical Co., Ltd. (hereinafter referred to as the "Company") was held on June 8, 2026, via a video conference at the Company's meeting room on the 34th floor of the United Headquarters Building, No. 63 Xueyuan Road, Nanshan District, Shenzhen. Two supervisors were expected to attend, and two supervisors were present. All supervisors unanimously elected Qu Wanyuan to convene and chair this meeting. The meeting was convened in compliance with the relevant provisions of the Company Law, the Administrative Measures for Independent Directors of Listed Companies, and the Articles of Association.
All attending supervisors passed the following resolutions:
I. Resolution on the Proposal to Issue H Shares and List on The Stock Exchange of Hong Kong Limited
To deepen the Company's globalization strategy, further build an integrated international platform, and enhance the Company's core competitiveness, after thorough research and deliberation, Shenzhen Megmeet Electrical Co., Ltd. proposes to issue H shares and list them on the Main Board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange") (hereinafter referred to as the "Proposed Issuance and Listing" or the "Proposed Issuance").
The Company's Proposed Issuance and Listing will be carried out in accordance with the Company Law of the People's Republic of China (hereinafter referred to as 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 Pilot Implementation of Overseas Issuance and Listing of Securities by Domestic Enterprises and relevant regulatory guidelines (collectively referred to as the "Administrative Measures and Guidelines"), the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Listing Rules"), and other relevant regulations of Hong Kong law and other regulatory provisions regarding the issuance and listing of shares in Hong Kong by entities registered and established in mainland China.
Based on the Company's self-assessment, the Company meets the conditions for issuing and listing H shares. We hereby request approval for the Company's Proposed Issuance and Listing. The Company's Proposed Issuance and Listing will be conducted under the conditions and requirements of relevant Chinese laws, regulations, and normative documents, Hong Kong laws, and the Hong Kong Listing Rules. It will require filing, approval, or authorization from relevant government departments, regulatory bodies, and stock exchanges, including the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the Securities and Futures Commission of Hong Kong (hereinafter referred to as the "SFC"), and the Hong Kong Stock Exchange.
Voting Result: 2 votes in favor, 0 votes against, 0 abstentions.
II. Deliberation and Approval of the Proposal on the Plan for Issuing H Shares and Listing on The Stock Exchange of Hong Kong Limited
The Company proposes to issue H shares and list them on the Main Board of the Hong Kong Stock Exchange. In accordance with the requirements of the Company Law, the Securities Law, the Administrative Measures and Guidelines, and other relevant laws, regulations, normative documents, and the Hong Kong Listing Rules, the specific plan for the Proposed Issuance and Listing is as follows:
- Type and Par Value of Shares to be Issued The shares to be issued are overseas-listed foreign shares (H shares) to be listed on the Main Board of the Hong Kong Stock Exchange. They are all ordinary shares, denominated in RMB, subscribed for in foreign currency, priced and traded in Hong Kong dollars, with a par value of RMB 1.00 per share.