Hunan Yujing Machine Tool Co., Ltd.
Announcement of Resolutions of the 13th Meeting of the Fifth Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from false records, misleading statements, or material omissions.
I. Convening of the Board Meeting
The 13th meeting of the Fifth Board of Directors of Hunan Yujing Machine Tool Co., Ltd. (hereinafter referred to as the "Company") was held on July 30, 2026, in the first-floor conference room of the Company through on-site and video conferencing. The meeting was presided over by Chairman Yang Yuhong. A total of 7 directors were supposed to attend, and 7 directors actually attended. Independent Director Tang Xi participated via video conference. Senior management personnel of the Company were present at the meeting. The convening, holding, and voting procedures of this meeting comply with the provisions of the Company Law and other relevant laws, regulations, and the Articles of Association.
II. Deliberation of Board Meeting Matters
- Deliberation and Approval of the Proposal on the Company's Compliance with Conditions for Issuing Shares to Specific Targets Through Simplified Procedures.
In accordance with the relevant provisions of 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 Registration of Securities Issuances by Listed Companies (hereinafter referred to as the "Registration Measures"), and other laws, regulations, and normative documents, as well as the authorization of the Company's 2025 Annual General Meeting of Shareholders, the Company's Board of Directors has conducted a self-inspection and verification of the Company's actual operating conditions and related matters against the relevant qualifications and conditions for listed companies to issue shares to specific targets through simplified procedures.
After deliberation, the Board of Directors unanimously agreed that: The Company complies with the relevant laws, regulations, and normative documents regarding the issuance of shares to specific targets through simplified procedures by listed companies, and possesses the qualifications and conditions for implementing the issuance of shares to specific targets through simplified procedures.
Voting Result: 7 votes in favor, 0 votes against, 0 abstentions.
This proposal has been deliberated and approved by the Independent Directors' Special Committee and the Audit Committee and Strategy Committee of the Board of Directors. In accordance with the authorization of the Company's 2025 Annual General Meeting of Shareholders, this proposal does not need to be submitted to the Company's shareholders' meeting for deliberation and approval.
- Deliberation and Approval of the Proposal on the Company's 2026 Plan for Issuing Shares to Specific Targets Through Simplified Procedures.
In accordance with the relevant provisions of the Company Law, the Securities Law, the Registration Measures, and other laws, regulations, and normative documents, as well as the authorization of the Company's 2025 Annual General Meeting of Shareholders, and combined with the Company's actual situation, the Company has formulated the 2026 Plan for Issuing Shares to Specific Targets Through Simplified Procedures (hereinafter referred to as the "This Issuance"). The Board of Directors has deliberated on each item of the plan, as follows:
2.1 Type and Par Value of Shares to be Issued
The type of shares to be issued in this offering is RMB ordinary shares (A shares) listed in China, with a par value of RMB 1.00 per share.
2.2 Issuance Method and Timing
This issuance will be conducted through the simplified procedure for issuing shares to specific targets. The issuance and payment will be completed within ten working days after the Shenzhen Stock Exchange reviews and approves the application, and the China Securities Regulatory Commission issues a decision to register.