Jiawo Food Co., Ltd. Announcement of Resolutions of the 19th Meeting of the Fifth 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 19th meeting of the Fifth Board of Directors of Jiawo Food Co., Ltd. (hereinafter referred to as the "Company") was held on March 13, 2026, in the company's conference room through on-site and video conferencing. The meeting notice was sent to all directors via email on March 2, 2026. Eight directors were eligible to attend, and all eight directors attended. The meeting was presided over by Chairman Chen Shaopeng. Senior management personnel of the Company attended the meeting. The convening of the meeting complied with the provisions of the "Company Law" and the "Articles of Association," and the voting was valid. After careful deliberation by the attending directors, the following resolutions were formed:
I. Resolutions Approved at the Meeting
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Approval of the Full Text and Summary of the "Company's 2025 Annual Report" For specific content, please refer to the full text and summary of the "2025 Annual Report" published on the Juchao Information Network on the same day. This proposal has been reviewed and approved by the Audit Committee of the Fifth Board of Directors of the Company at its second meeting in 2026. Voting results: 8 votes in favor, 0 votes against, 0 abstentions. This proposal is subject to review by the Company's shareholders' meeting.
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Approval of the "Company's 2025 Board of Directors' Work Report" For specific content, please refer to the "2025 Board of Directors' Work Report" published on the Juchao Information Network on the same day. Voting results: 8 votes in favor, 0 votes against, 0 abstentions. This proposal is subject to review by the Company's shareholders' meeting.
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Approval of the "Company's 2025 General Manager's Work Report" In 2025, facing a complex and changing external environment and a period of deep industry adjustment, under the strategic guidance of the Board of Directors, the management led all employees to focus on the core business, reform and innovate with determination, and vigorously promote asset structure optimization and operational quality improvement, laying a solid foundation for the Company's healthy and sustainable development in the future. The main work of the Company and the management in 2025 included: (1) Steadily completing the divestment of overseas assets to achieve a return to net asset positivity; (2) Synergistic efficiency from scaled operations and refined management; (3) Steadily advancing high-quality development of overseas entrusted management business; (4) Strengthening risk prevention and control and compliance management, and continuously improving the company's governance level; (5) Researching and exploring new business directions to find new growth drivers. Looking back at 2025, the Company successfully navigated the most difficult period through a series of measures including divesting burdened assets, strengthening internal controls, and enhancing risk control. Financial conditions have fundamentally improved, and the operational foundation has been significantly consolidated. Currently, the Company is at the starting point of a new round of development. Looking ahead, the Company will continue to focus on its core business, further revitalize existing assets, and seek new growth opportunities on the basis of a revitalized asset structure. The Company firmly believes that the efforts made over the past year in "strengthening internal capabilities and building a foundation" have laid a solid groundwork for welcoming industry recovery, seizing market opportunities, and achieving a new round of high-quality and sustainable growth. Voting results: 8 votes in favor, 0 votes against, 0 abstentions.