Stock Code: 300428 Stock Abbreviation: Lizhong Group Announcement No.: 2026-054
Lizhong Group Co., Ltd.
Announcement on Resolutions of the Second Meeting of the Sixth 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 records, misleading statements, or material omissions.
I. Convening of the Board Meeting
The Second Meeting of the Sixth Board of Directors of Lizhong Group Co., Ltd. (hereinafter referred to as the "Company") was held on July 3, 2026, through a combination of on-site and teleconference methods. All directors were notified of this meeting by fax, email, and telephone on June 29, 2026. Seven directors were eligible to attend, and seven directors actually attended, including three independent directors. The meeting was presided over by Chairman Zang Yongxing. Senior management personnel of the Company attended the meeting as non-voting attendees. The convening and holding of this meeting comply with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law") and the "Articles of Association of Lizhong Group Co., Ltd." (hereinafter referred to as the "Articles of Association").
II. Deliberation of Board Meeting Matters
(I) Deliberation and Approval of the "Proposal on the Company Meeting the Conditions for Issuing Convertible Corporate Bonds to Unspecified Targets"
In accordance with the "Company Law," the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," the "Administrative Measures for Convertible Corporate Bonds," and other relevant laws, regulations, and regulatory documents, after careful analysis and item-by-item self-inspection of the Company's actual situation, the Board of Directors believes that the Company meets all conditions stipulated in the current laws, regulations, rules, and regulatory documents regarding the issuance of convertible corporate bonds to unspecified targets by companies listed on the ChiNext market, and possesses the conditions for issuing convertible corporate bonds to unspecified targets.
The voting results were: 7 votes in favor, 0 votes against, and 0 abstentions.
This proposal has been reviewed and approved by the Company's Board Audit Committee, Strategy Committee, and Independent Directors' Special Committee.
This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation.
(II) Deliberation and Approval of the "Proposal on the Company's Plan for Issuing Convertible Corporate Bonds to Unspecified Targets"
The Company's plan for issuing convertible corporate bonds to unspecified targets is as follows:
2.1 Type of Securities to be Issued
The type of securities to be issued in this offering is convertible corporate bonds that can be converted into the Company's shares. The convertible corporate bonds to be issued and the shares to be converted in the future will be listed on the Shenzhen Stock Exchange.
2.2 Issuance Scale
Based on relevant laws, regulations, and regulatory documents, and considering the Company's financial situation and investment plans, the total amount of capital to be raised from the issuance of convertible corporate bonds shall not exceed RMB 1,180,000,000,000 (including RMB 1,180,000,000,000). The specific amount of capital to be raised will be determined by the Company's shareholders' meeting authorizing the Board of Directors (or its authorized personnel) within the aforementioned limit.
2.3 Face Value and Issuance Price
The face value of each convertible corporate bond to be issued in this offering is RMB 100.00, and it will be issued at par.