The company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Securities Code: 300710
Securities Abbreviation: Wanlong Optoelectronics
Announcement Number: 2026-030
Announcement of Resolutions from the 16th Meeting of the 5th Board of Directors of Hangzhou Wanlong Optoelectronics Co., Ltd.
1. Meeting Situation
The 16th meeting of the 5th Board of Directors of Hangzhou Wanlong Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "Wanlong Optoelectronics") was held on May 29, 2026, in the company meeting room in both on-site and communication formats. The meeting notice was sent out on May 22, 2026, via instant messaging or direct delivery. A total of 7 directors were supposed to attend, and all 7 directors were present, accounting for 100% of the total number of directors. The meeting was chaired by Mr. Fu Xiaotong, the chairman. The convening, holding, and voting procedures of this meeting comply with the provisions of the Company Law of the People's Republic of China and other relevant laws and regulations, as well as the Articles of Association of Hangzhou Wanlong Optoelectronics Co., Ltd., and the resolutions formed are legal and valid.
2. Meeting Review
The meeting reviewed and approved the following proposals:
(1) Proposal on the Issuance of Shares and Cash for Asset Acquisition and Fundraising
The company intends to issue shares and pay cash to acquire 100% of the shares of Zhejiang Zhongkong Information Industry Co., Ltd. (hereinafter referred to as "the Target Company") and raise supporting funds (hereinafter referred to as "this transaction"). According to the Company Law, the Securities Law of the People's Republic of China, the Major Asset Restructuring Management Measures for Listed Companies, the Securities Issuance Registration Management Measures for Listed Companies, and other relevant laws and regulations, the company has conducted a thorough self-examination and sufficient demonstration of the conditions for issuing shares and paying cash for asset acquisition and raising supporting funds. This proposal has been reviewed and approved by the Strategic Committee, Audit Committee, and the special meeting of independent directors of the 5th Board of Directors. Voting results: 6 votes in favor, 0 abstentions, 0 votes against. Related director Fu Xiaotong abstained from voting. This proposal still needs to be submitted to the shareholders' meeting for approval.
(2) Proposal on Adjusting the Transaction Plan
On December 17, 2025, the company held the 13th meeting of the 5th Board of Directors and the 12th meeting of the 5th Supervisory Board to review and approve related proposals for this transaction. To achieve the purpose of this transaction, the company intends to adjust the transaction plan. According to the relevant provisions of the Major Asset Restructuring Management Measures, this adjustment does not constitute a significant change to the restructuring plan. This proposal has been reviewed and approved by the Strategic Committee, Audit Committee, and the special meeting of independent directors of the 5th Board of Directors. Voting results: 6 votes in favor, 0 abstentions, 0 votes against. Related director Fu Xiaotong abstained from voting. This proposal still needs to be submitted to the shareholders' meeting for approval.