I. Meeting Details
The 17th meeting of the 4th Board of Directors of Shenzhen Placo New Materials Co., Ltd. (hereinafter referred to as "the Company") was held on June 1, 2026 (Monday) at the 13th-floor conference room of Building B, Nanshan Zhigu Industrial Park, No. 3157 Shahe West Road, Nanshan District, Shenzhen, combining in-person and communication methods. The meeting notice was sent to all directors via email on May 28, 2026. A total of 7 directors were required to attend, and all 7 directors were present (including Ms. Yi Zhihong and Mr. Xie Chunxiao who attended via communication). The meeting was chaired by Chairman Du Jianghua, with executives in attendance. The meeting complied with relevant laws, regulations, rules, and the Company's Articles of Association. After careful deliberation by all directors, the following resolutions were made:
II. Meeting Resolutions
(1) Approval of the Proposal for Issuing H Shares and Listing on the Hong Kong Stock Exchange
The board approved the issuance of overseas listed foreign shares (H shares) (hereinafter referred to as "this issuance") and their listing on the main board of the Hong Kong Stock Exchange (hereinafter referred to as "HKEX") (collectively referred to as "this issuance and listing"). For detailed content, please refer to the Company's announcement on the China Securities Journal (http://www.cninfo.com.cn) regarding the planned issuance of H shares and listing on the HKEX (Announcement No. 2026-033). This proposal has been reviewed and approved by the Board's Strategic Committee and the Independent Directors' special meeting. Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal is subject to approval by the shareholders' meeting. The Company and all members of the Board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.