I. Meeting Information
The notice for the 27th meeting of the 5th Board of Directors of Altec Automotive Technology Co., Ltd. (hereinafter referred to as the "Company") was sent via email on March 27, 2026. The meeting was held on March 30, 2026, in the company meeting room, combining on-site and remote voting. A total of 7 directors were supposed to attend, and all 7 directors were present (including Mr. Chen Shihua, Ms. Wang Min, and Mr. Yao Danqian who attended via remote voting). The meeting was chaired by Mr. Xuan Qiwu, the chairman of the board, with senior management present. The convening, holding, and voting procedures of this meeting complied with the relevant provisions of the Company Law of the People's Republic of China, the Articles of Association of Altec Automotive Technology Co., Ltd. (hereinafter referred to as the "Articles of Association"), and the Rules of Procedure for Board Meetings of Altec Automotive Technology Co., Ltd. (hereinafter referred to as the "Rules of Procedure").
II. Review of Meeting Proposals
After careful consideration and thorough discussion, the attending directors voted on and approved the following proposals:
(1) Proposal on the Third Employee Stock Ownership Plan (Draft)
To further establish and improve the mechanism for sharing interests and risks between employees and all shareholders, enhance the company's cohesion and competitiveness, motivate employees' enthusiasm and creativity, and promote the company's sustainable, stable, and healthy development, the company has formulated the Third Employee Stock Ownership Plan (Draft) and its summary in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and the Guidelines for Pilot Implementation of Employee Stock Ownership Plans by Listed Companies. The specific content can be found in the disclosure on the designated information disclosure website of the China Securities Regulatory Commission, CNINFO (http://www.cninfo.com.cn). This proposal was fully discussed and approved by the employee representative assembly before being submitted to the board for review. Voting results: 5 votes in favor, 0 votes against, 0 abstentions. Mr. Li Lizhong, the vice chairman, and Mr. Zhang Liqiang, the director and general manager, recused themselves from voting on this proposal as participants in the employee stock ownership plan. This proposal needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review.
(2) Proposal on the Management Measures for the Third Employee Stock Ownership Plan
To ensure the smooth implementation of the third employee stock ownership plan and to protect the interests and rights of employees, the company has formulated the Management Measures for the Third Employee Stock Ownership Plan in accordance with relevant laws and regulations. The specific content can be found in the disclosure on the designated information disclosure website of the China Securities Regulatory Commission, CNINFO (http://www.cninfo.com.cn). This proposal has been reviewed and approved by the company's remuneration and assessment committee. Voting results: 5 votes in favor, 0 votes against, 0 abstentions. Mr. Li Lizhong and Mr. Zhang Liqiang recused themselves from voting on this proposal as participants in the employee stock ownership plan. This proposal needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review.