Stock Code: 301139 Stock Abbreviation: *ST Yuan Dao Announcement Number: 2026-055 Yuan Dao Communication Co., Ltd. Announcement on Cancellation of Some Proposals for the 2025 Annual General Meeting and Addition of an Interim Proposal, and Supplementary Notice of the 2025 Annual General Meeting
The company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
I. Original Profit Distribution Proposal and Notice of General Meeting
Yuan Dao Communication Co., Ltd. (hereinafter referred to as the "Company") considered and approved the "Proposal on the 2025 Profit Distribution Plan" at the 17th meeting of the Fourth Board of Directors. The company's profit distribution plan for 2025 is: based on the company's total share capital of 121,580,800 shares, a cash dividend of 0.073 yuan (tax inclusive) per 10 shares will be distributed to all shareholders on record. The remaining undistributed profits will be carried forward to subsequent years. No bonus shares will be issued, and no capital reserve will be converted into share capital this year. This proposal was to be submitted for consideration at the 2025 Annual General Meeting. For details, please refer to the "Resolution Announcement of the 17th Meeting of the Fourth Board of Directors" and the "Notice of the 2025 Annual General Meeting" disclosed on the Juchao Information Network on April 29, 2026.
II. Cancellation of Proposals
Due to the recent freezing of the company's bank accounts, it is expected that the equity distribution cannot be completed on schedule. At the 18th meeting of the Fourth Board of Directors held on June 24, 2026, the "Proposal on Cancelling Some Proposals for the 2025 Annual General Meeting" was considered and approved, and the original proposal to be submitted to the 2025 Annual General Meeting, the "Proposal on the 2025 Profit Distribution Plan," was cancelled.
III. Addition of Interim Proposals
At the 18th meeting of the Fourth Board of Directors held on June 24, 2026, the "Proposal on the 2025 Profit Distribution Plan" was considered and approved. The company's profit distribution plan for 2025 is: no cash dividends will be distributed, no bonus shares will be issued, and no capital reserves will be converted into share capital.
On June 24, 2026, the company's board of directors received a written "Notice of Addition of Interim Proposal for the 2025 Annual General Meeting of Yuan Dao Communication Co., Ltd." from its controlling shareholder, Mr. Li Jin, requesting the company's board of directors to submit the "Proposal on the 2025 Profit Distribution Plan" as an interim proposal for consideration at the 2025 Annual General Meeting.
After verification, as of the disclosure date of this announcement, the company's controlling shareholder, Mr. Li Jin, directly holds 32,644,130 shares, accounting for 26.85% of the company's total share capital. He possesses the qualifications to propose interim proposals in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Articles of Association of Shareholders' Meetings," and the "Articles of Association" of the Company. The content of the above interim proposal falls within the scope of the shareholders' meeting's authority, with clear agenda items and specific resolution matters. The proposal procedure complies with the relevant regulations of the "Company Law," the "Listing Rules of the Shenzhen Stock Exchange ChiNext Market," and the "Articles of Association" of the Company. The board of directors agrees to submit the above proposal as an interim proposal for consideration at the 2025 Annual General Meeting.
IV. Supplementary Notice of General Meeting
The Company disclosed the "Announcement on the Postponement of the 2025 Annual General Meeting" on June 23, 2026. The 2025 Annual General Meeting has been postponed from the originally scheduled time of 14:00 on June 25, 2026, to 14:00 on June 26, 2026. Apart from the cancellation of proposals and the addition of interim proposals mentioned above, other matters such as the location and method of convening this shareholders' meeting remain unchanged. The notice for the 2025 Annual General Meeting is hereby supplemented as follows: