The entire board of directors and all its members guarantee that the information disclosed in this announcement is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
The company convened the 15th meeting of the 6th Board of Directors on March 30, 2026, and deliberated and approved the "Proposal on Requesting the Shareholders' Meeting to Authorize the Board of Directors to Issue Shares to Specific Targets via Simplified Procedures." The Board of Directors agreed to request the Shareholders' Meeting to authorize the Board of Directors to issue shares to specific targets via simplified procedures, with the total fundraising amount not exceeding RMB 300 million and not exceeding 20% of the net assets at the end of the most recent year. The authorization period is from the date of deliberation and approval by the 2025 Shareholders' Meeting to the date of the 2026 Shareholders' Meeting. The above matters are still subject to deliberation by the 2025 Shareholders' Meeting. The specific situation is as follows:
I. Specific Content of Authorization
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Confirmation of whether the company meets the conditions for issuing shares to specific targets The Board of Directors is authorized to review and verify the company's actual situation and related matters in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," and other laws, regulations, and normative documents, as well as the "Articles of Association," and to confirm whether the company meets the conditions for issuing shares to specific targets.
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Type and par value of shares to be issued The type of shares to be issued in this issuance is domestic ordinary RMB ordinary shares (A shares) listed in China, with a par value of RMB 1.00 per share.
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Issuance method, issuance targets, and arrangements for allocation to existing shareholders This share issuance will be conducted through non-public offering to specific targets. The issuance targets shall not exceed 35 specific targets that meet the regulations of the supervisory authorities, including legal persons, natural persons, or other legal investment organizations. For fund management companies, securities companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors that subscribe with more than two products under their management, each shall be considered as one issuance target. For trust companies acting as issuance targets, they can only subscribe with their own funds. The final issuance targets will be determined by the Board of Directors in consultation with the sponsor (underwriter) based on the authorization of the Shareholders' Meeting and the subscription quotation. All issuance targets in this share issuance will subscribe in cash.