I. Convening of the Board Meeting
The 19th meeting of the fourth Board of Directors of Huakai Yibai Technology Co., Ltd. (hereinafter referred to as the "Company") was notified to all directors via telephone and WeChat on July 30, 2026. The meeting was held on July 30, 2026, via telecommunication voting. Chairman Mr. Hu Fanjin explained the reasons for the emergency notification, and all directors unanimously agreed to waive the notice period requirement. The meeting was convened and presided over by Chairman Mr. Hu Fanjin. Nine out of nine directors attended the meeting, and senior management personnel were present as non-voting delegates. The convening and voting procedures complied with relevant laws, regulations, and the Articles of Association of Huakai Yibai Technology Co., Ltd., and the resolutions formed are legal and valid.
II. Deliberations of the Board Meeting
The meeting reviewed and approved the following proposal:
(I) The "Proposal on the Share Repurchase Plan" was approved item by item.
1.1 Purpose of Share Repurchase
Based on confidence in the company's future sustainable development and a reasonable judgment of its long-term value, and to effectively safeguard the interests of all shareholders and enhance investor confidence, the company intends to repurchase some shares to maintain company value and shareholder equity. These shares will be sold within the prescribed period in accordance with relevant repurchase rules and regulatory guidelines. If the state adjusts relevant policies, this repurchase plan will be implemented according to the adjusted policies.
Voting results: 9 votes in favor, 0 against, 0 abstentions, 0 recused.
1.2 Compliance with Relevant Conditions
The company's share repurchase complies with the relevant provisions of Article 10 of the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 9 — Share Repurchase":