Poten Environment Group Co., Ltd.
Announcement of Resolutions of the 14th Meeting of the 6th Board of Directors
The Board of Directors and all directors of the Company guarantee that the information contained in this announcement is free from any false representations, misleading statements, or material omissions, and they shall bear legal responsibility for the truthfulness, accuracy, and completeness of their contents.
The 14th meeting of the 6th Board of Directors of Poten Environment Group Co., Ltd. (hereinafter referred to as the "Company") was held on August 4, 2026, at 13:30 in the Company's conference room, combining on-site voting and written voting. The meeting notice was sent on July 24, 2026, through personal delivery, email, and other methods. Seven directors were eligible to attend, and seven directors actually attended. The meeting was chaired by Chairman Zhou Jinming, with all senior management personnel in attendance. The convocation and convening of the meeting complied with the provisions of the "Company Law," the "Articles of Association," and other relevant regulations, and the resolutions formed were legal and valid. After full discussion and deliberation, the meeting passed the following resolutions:
- Deliberation and Approval of the Proposal on the "<Company's 2026 Interim Report and Summary>"
Upon deliberation, the Board of Directors believes that the Company's "2026 Interim Report and Summary" accurately reflects the Company's financial position and operating results for the first half of 2026, complies with relevant regulations of laws, administrative regulations, the China Securities Regulatory Commission (CSRC), and the Shenzhen Stock Exchange, and its content is true, accurate, and complete, with no false representations, misleading statements, or material omissions.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions.
This proposal has been reviewed and approved by the Company's Audit Committee.
This proposal does not need to be submitted to the Company's shareholders' meeting for deliberation.
The "Company's 2026 Interim Report" and "Summary of the Company's 2026 Interim Report" can be found on the CSRC's GEM designated information disclosure website - Juchao Information Network.
- Deliberation and Approval of the Proposal on Terminating the Company's 2025 Private Placement of A Shares and Deliberating on the Proposal for the Company's 2026 Private Placement of A Shares
The Company's 2025 private placement of A shares was approved at the 5th meeting of the 6th Board of Directors held on May 9, 2025, and the second extraordinary shareholders' meeting of 2025 held on August 5, 2025.
Since the disclosure of the 2025 private placement of A shares plan, the Company has actively communicated the plan with CNOOC Group Co., Ltd. (hereinafter referred to as "CNOOC"), intermediaries, and other parties. Given the long period since the disclosure of the 2025 private placement of A shares plan, the Wenchang 5-3 oilfield development project in the original plan has been put into operation and is operating well. The Company has already secured project development investment through loans and profit-sharing funds, and the suitability of the original financing plan has changed. After careful analysis and repeated communication with CNOOC, intermediaries, and others, the Company has decided to terminate the 2025 private placement of A shares and deliberate on the 2026 private placement of A shares plan.
Voting results: 6 votes in favor, 0 votes against, 0 abstentions, 1 vote abstained, Director Zhou Jinming abstained from voting.
This proposal has been reviewed and approved by the independent directors' special committee, the Audit Committee, and the Strategy Committee.
The "Announcement on Terminating the Company's 2025 Private Placement of A Shares and Deliberating on the Company's 2026 Private Placement of A Shares Plan" can be found on the CSRC's GEM designated information disclosure website - Juchao Information Network.