Stock Code: 300432
Stock Abbreviation: Fuln Precision
Announcement No.: 2026-055
Fuln Precision Co., Ltd.
Resolution Announcement of the 34th Meeting of the Fifth Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Fuln Precision Co., Ltd. (hereinafter referred to as the "Company") issued a notice for the 34th meeting of its Fifth Board of Directors on June 10, 2026, via telephone and other communication methods. All directors agreed to waive the notice period requirement for this meeting. The meeting was held via written ballot on June 12, 2026. Eight directors were required to attend, and all eight directors attended. Senior management personnel of the Company attended the meeting. The meeting was chaired by Chairman Wang Zhihong. The convening and holding of the meeting comply with the "Company Law" and the "Articles of Association."
I. The proposal "Proposal on Adjusting the Issuance Price, Issuance Number, and Total Fundraising Amount for Issuance of Shares to Specific Objects" was reviewed and approved item by item.
The second extraordinary general meeting of shareholders in 2026 deliberated and approved the "Proposal on the Plan for Issuance of Shares to Specific Objects." Based on the current negotiations with strategic investors and the authorization from the second extraordinary general meeting of shareholders in 2026, the Board of Directors proposes to adjust the pricing base date, issuance number, and total fundraising amount for this issuance. The specific details are as follows:
1.1 Issuance Price
Before Adjustment:
The pricing base date for this issuance is the date of the resolution announcement of the 30th meeting of the Fifth Board of Directors, which deliberated and approved matters related to this issuance.
The issuance price for this private placement is RMB 13.62 per share, which is not less than 80% of the average daily trading price of the Company's shares in the 20 trading days prior to the pricing base date (excluding the pricing base date). The average daily trading price of shares in the 20 trading days prior to the pricing base date = total trading volume of shares in the 20 trading days prior to the pricing base date / total trading volume of shares in the 20 trading days prior to the pricing base date, rounded to two decimal places using the "round half up" method.
If the Company's shares undergo ex-rights and ex-dividend events such as cash dividends, bonus share distributions, or capital reserve transfers to share capital during the period from the pricing base date to the issuance date, the issuance price will be adjusted accordingly.
After Adjustment:
The pricing base date for the private placement of shares is the first day of the issuance period.
The issuance price for this issuance shall not be less than 80% of the average daily trading price of the Company's shares in the 20 trading days prior to the pricing base date (excluding the pricing base date). The average daily trading price of shares in the 20 trading days prior to the pricing base date = total trading volume of shares in the 20 trading days prior to the pricing base date / total trading volume of shares in the 20 trading days prior to the pricing base date, rounded to two decimal places using the "round half up" method.
The final issuance price will be determined by the Company's Board of Directors or its authorized personnel, in accordance with the authorization of the shareholders' meeting and in consultation with the sponsor (underwriter), after the issuance application is reviewed and approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission issues a registration decision. However, it shall not be lower than the aforementioned issuance floor price.
Voting Results: 8 votes in favor; 0 votes against; 0 abstentions.