Securities Code: 002870 Securities Abbreviation: Xiangshan Shares Announcement No.: 2026-005
Guangdong Xiangshan Hengqi Group Co., Ltd. Resolution Announcement of the 12th Meeting of the 7th Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The 12th meeting of the 7th Board of Directors of Guangdong Xiangshan Hengqi Group Co., Ltd. (hereinafter referred to as the "Company") was held on March 30, 2026, at the Company's meeting room through on-site and communication methods. The notice of this meeting was sent to all directors via fax, email, and personal delivery on March 20, 2026. Seven directors were eligible to attend, and seven directors actually attended. The meeting was presided over by Mr. Liu Yuda, Chairman of the Company, and senior management personnel of the Company were present. The convening of this meeting complies with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law") and the Articles of Association.
II. Deliberation of the Board Meeting
After careful deliberation by the attending directors, the following proposals were voted on and approved:
(I) Approval of the Proposal on the President's Work Report for 2025
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions. The specific content is detailed in the "President's Work Report for 2025" disclosed on the same day on the CNINFO website (http://www.cninfo.com.cn).
(II) Approval of the Proposal on the Board of Directors' Work Report for 2025
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation. Independent Directors Xue Jundong, Huang Wei, and Guo Zhiming submitted their "Independent Directors' Performance Reports for 2025" to the Board of Directors, and they will present their reports at the Company's 2025 Annual Shareholders' Meeting. The specific content is detailed in the "Board of Directors' Work Report for 2025" and "Independent Directors' Performance Reports for 2025" disclosed on the same day on the CNINFO website (http://www.cninfo.com.cn).
(III) Approval of the Proposal on the Financial Final Accounts Report for 2025
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions. The specific content is detailed in the "Financial Final Accounts Report for 2025" disclosed on the same day on the CNINFO website (http://www.cninfo.com.cn).
(IV) Approval of the Proposal on the Financial Budget Report for 2026
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions. The specific content is detailed in the "Financial Budget Report for 2026" disclosed on the same day on the CNINFO website (http://www.cninfo.com.cn).
(V) Approval of the Proposal on the Profit Distribution Plan for 2025
Voting Results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation. After deliberation, the Board of Directors believes that the Company's profit distribution plan for 2025 is in line with the Company's actual situation and complies with the "Company Law," "Securities Law," and the Articles of Association. It is agreed to submit the "Proposal on the Profit Distribution Plan for 2025" to the Company's 2025 Annual Shareholders' Meeting for deliberation. The specific content is detailed in the "Announcement on the Profit Distribution Plan for 2025" disclosed on the same day in the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities News, and on the CNINFO website (www.cninfo.com.cn).
(VI) Approval of the Proposal on the Self-Evaluation Report of Internal Control for 2025