Stock Code: 002959
Stock Abbreviation: Xiaoxiong Electric
Announcement No.: 2026-074
Announcement of Resolutions of the First Meeting of the Fourth Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
The first meeting of the fourth Board of Directors of Xiaoxiong Electric Co., Ltd. (hereinafter referred to as the "Company") was held in the Company's meeting room on June 26, 2026. The meeting was convened by oral notice to all directors on June 26, 2026, and all directors unanimously agreed to waive the notice period requirement for this meeting. The meeting was held in person and presided over by Mr. Li Yifeng, who was jointly nominated by more than half of the directors. The number of directors required to attend was 5, and 5 directors actually attended. All senior management personnel were present at the meeting. The convening and holding of this meeting comply with relevant laws, administrative regulations, departmental rules, normative documents, and the "Articles of Association" of the Company.
This meeting was conducted by written ballot. After careful deliberation by the attending directors, the following proposals were considered and approved at this meeting:
I. Consideration and Approval of the "Proposal on Electing the Chairman of the Fourth Board of Directors"
It was agreed to elect Mr. Li Yifeng as the Chairman of the Fourth Board of Directors. His term of office shall commence from the date of approval of this meeting until the expiration of the term of the Fourth Board of Directors. Mr. Li Yifeng's resume is detailed in the relevant announcement disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on June 11, 2026.
Voting results: 5 votes in favor, 0 votes against, 0 abstentions.
II. Consideration and Approval of the "Proposal on Electing Members of the Special Committees of the Fourth Board of Directors"
It was agreed to elect members of the special committees of the Board of Directors. Their term of office shall commence from the date of approval of this meeting until the expiration of the term of the Fourth Board of Directors. The details of the members of each special committee are as follows:
| Special Committee | Convenor (Chairman) | Members |
|---|---|---|
| Strategy Committee | Li Yifeng | Li Yifeng, Shi Mingtai, Wu Guangjin |
| Audit Committee | Gong Xiaowei | Gong Xiaowei, Yao Yingxue, Shi Mingtai |
| Nomination Committee | Yao Yingxue | Yao Yingxue, Gong Xiaowei, Li Yifeng |
| Remuneration and | Gong Xiaowei | Gong Xiaowei, Yao Yingxue, Shi Mingtai |
| Assessment Committee |
III. Consideration and Approval of the "Proposal on Appointing the General Manager of the Company"
This proposal has been reviewed and approved by the Nomination Committee of the Board of Directors.
In accordance with the relevant provisions of the "Company Law," the "Stock Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and the "Articles of Association," upon the nomination of the Company's Chairman and the qualification review by the Nomination Committee of the Board of Directors, the Board of Directors agreed to appoint Mr. Li Yifeng as the General Manager of the Company. His term of office shall commence from the date of approval of this meeting until the expiration of the term of the Fourth Board of Directors. Mr. Li Yifeng's resume is detailed in the relevant announcement disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on June 11, 2026.