Announcement of Resolutions of the 18th 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 any false representations, misleading statements, or material omissions.
I. Convening of the Board Meeting
The 18th meeting of the Fifth Board of Directors of Hubei Heryuan Gas Co., Ltd. (hereinafter referred to as the "Company") was held in a combination of on-site and teleconference format on June 15, 2026 (Monday) in Meeting Room 3, 3rd Floor, Xin Ding Building, No. 33 Linlu Road, Wujiaogang District, Yichang City. The meeting notice was sent to all directors via email on June 9, 2026. Nine directors were eligible to attend, and nine directors actually attended (including four who attended via teleconference: Mr. Tang Ning, Mr. Cao Hongfeng, Mr. Sun Fei, and Mr. Zhang Qun Chao). The meeting was presided over by Chairman and General Manager Mr. Yang Tao, with relevant senior management in attendance. The convening of the meeting complied with relevant laws, regulations, rules, and the Articles of Association. After careful deliberation by all directors, the following resolutions were formed:
II. Deliberation of Board Meeting Matters
(I) Deliberation and Approval of the "Resolution on Adjusting the Issuance Price and Issuance Quantity of Shares for Private Placement to Specific Objects"
To better protect the interests of small and medium investors, in accordance with the relevant content of the Company's 2024 private placement plan to specific objects, the Company will adjust the pricing benchmark date for this private placement to specific objects from the announcement date of the resolution of the fifth meeting of the Fifth Board of Directors to the first day of the issuance period. The issuance price and issuance quantity will be adjusted accordingly, as follows:
- Pricing Benchmark Date and Issuance Price
Before Adjustment: (1) Pricing Benchmark Date: The pricing benchmark date for this issuance was the announcement date of the resolution of the fifth meeting of the Fifth Board of Directors. (2) Issuance Price: The issuance price for this issuance was RMB 14.78 per share, which is not less than 80% of the average daily trading price of the Company's shares in the 20 trading days prior to the pricing benchmark date (Average daily trading price of the Company's shares in the 20 trading days prior to the pricing benchmark date = Total trading value of the Company's shares in the 20 trading days prior to the pricing benchmark date / Total trading volume of the Company's shares in the 20 trading days prior to the pricing benchmark date).