HICONICS
Resolution Announcement of the Third Meeting of the Seventh Board of Directors
Stock Code: 300048
Stock Abbreviation: Hexing Energy
Announcement No.: 2026-061
Beijing Hexing Energy Technology Co., Ltd.
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.
I. Convening of the Board Meeting
The Third Meeting of the Seventh Board of Directors of Beijing Hexing Energy Technology Co., Ltd. (hereinafter referred to as the "Company") was held in a combined on-site and teleconference format on August 10, 2026. The meeting notice was sent via email, telephone, and other means on August 5, 2026. There were 8 directors present, and 8 directors attended the meeting. Directors Lai Sheng, Song Jiaoyang, Zeng Yilong, Wang Ting, and Li Xinlu participated via teleconference. The Company's board secretary and other senior management personnel attended the meeting. The meeting was chaired by Chairman Lu Jianfeng. The convening and holding procedures of the meeting comply with relevant national laws, administrative regulations, departmental rules, and the "Company Articles of Association."
II. Deliberation of Board Meeting Matters
(I) Deliberation and Approval of the "Proposal on Adjusting the Company's 2026 Targeted Issuance of A-share Stock Plan"
In accordance with the relevant laws, regulations, and normative documents such as the "Company Law," "Securities Law," and "Administrative Measures for the Registration of Securities Issuances by Listed Companies," the company's board of directors, based on the actual situation and the authorization of the shareholders' meeting, adjusted the company's 2026 targeted issuance of A-share stock plan. Other contents of the issuance plan remain unchanged except for the following adjustments. The specific adjustment content is as follows:
(1) Pricing Benchmark Date, Issuance Price, and Pricing Principles
Before adjustment:
The pricing benchmark date for this issuance is the announcement date of the resolution of the 28th meeting of the Sixth Board of Directors.
The issuance price is RMB 5.73 per share. The issuance price shall not be less than 80% of the average daily closing price of the company's A-share stock in the 20 trading days prior to the pricing benchmark date (Average daily closing price of the company's A-share stock in the 20 trading days prior to the pricing benchmark date = Total trading volume of the company's A-share stock in the 20 trading days prior to the pricing benchmark date / Total trading days).
If the issuance price or pricing principle is adjusted due to the review requirements of relevant laws, regulations, normative documents, the China Securities Regulatory Commission (CSRC), or the stock exchange, the subscription price of the issuance target will be adjusted accordingly.
During the period from the pricing benchmark date to the issuance date of this issuance, if the company undergoes ex-rights and ex-dividend events such as cash dividend distribution, bonus share issuance, or capital reserve to bonus share conversion, the issuance price of this issuance will also be adjusted accordingly. The adjustment methods are as follows:
Cash dividend distribution: P1 = P0 - D
Bonus share issuance or capital reserve to bonus share conversion: P1 = P0 / (1 + N)
Both occurring simultaneously: P1 = (P0 - D) / (1 + N)
Where, P0 is the issuance price before adjustment, D is the cash dividend per share, N is the number of bonus shares or capital reserve to bonus shares per share, and P1 is the issuance price after adjustment.