Securities Code: 300898
Securities Abbreviation: Panda Dairy
Announcement Number: 2026-037
Panda Dairy Group Co., Ltd.
Resolution Announcement of the 26th Meeting of the Fourth Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
I. Convening of the Board Meeting
The 26th Meeting of the Fourth Board of Directors of Panda Dairy Group Co., Ltd. (hereinafter referred to as "Panda Dairy" or the "Company") was convened via communication on Tuesday, July 28, 2026, in the Company's meeting room. The meeting notice was sent to all directors via email on July 24, 2026. Nine directors were expected to attend, and nine directors actually attended.
The meeting was presided over by Chairman LI DAVID XI AN, and the Secretary of the Board of Directors was present. The convening of the meeting complied with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China," and other relevant laws, regulations, rules, and the "Articles of Association of Panda Dairy Group Co., Ltd."
II. Deliberation of the Board Meeting
After careful deliberation, full discussion, and prudent voting by the attending directors, the following proposals were deliberated and approved by the meeting:
(1) Deliberation and Approval of the Proposal on the "2026 Restricted Stock Incentive Plan (Draft) and its Summary"
To further improve the Company's long-term incentive mechanism, attract and retain more outstanding talents, fully mobilize their enthusiasm and creativity, effectively enhance the cohesion of the core team and the core competitiveness of the enterprise, effectively align the interests of shareholders, the Company, and the core team, and ensure that all parties jointly focus on the long-term development of the Company and the realization of the Company's development strategy and business objectives, while fully protecting the interests of shareholders, and in accordance with the principle of matching income with contribution, the Company has formulated the "2026 Restricted Stock Incentive Plan (Draft)" and its summary (hereinafter referred to as the "Restricted Stock Incentive Plan" or "this Incentive Plan") in accordance with relevant laws and regulations.
The specific content can be found in the "2026 Restricted Stock Incentive Plan (Draft)" and its summary disclosed by the Company on the same day on the Juchao Information Network (http://www.cninfo.com.cn).
Voting Results: 6 votes in favor, 0 votes against, 0 abstentions. Directors XU XIAOYU, CHEN Pinghua, and ZHAN DongSheng, as related directors, abstained from voting on this proposal.
The Sixth Meeting of the Fourth Board of Directors' Remuneration and Assessment Committee of the Company issued a favorable opinion on this proposal.
This proposal needs to be submitted to the third extraordinary general meeting of shareholders in 2026 for deliberation and needs to be approved by more than two-thirds of the voting rights held by non-related shareholders (including shareholder representatives) attending the meeting.
(2) Deliberation and Approval of the Proposal on the "2026 Restricted Stock Incentive Plan Implementation Assessment and Management Measures"