Jiangxi Wellgo Electronic Co., Ltd.
Announcement on Resolutions of the 14th Meeting of the Second Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
I. Convening of the Board Meeting
With the consent of all members of the Board of Directors, the requirement for meeting notice time was waived. The 14th meeting of the Second Board of Directors of Jiangxi Wellgo Electronic Co., Ltd. (hereinafter referred to as the "Company") was held on July 15, 2026, through a combination of on-site and written voting at the Company's meeting room. Five directors were required to attend, and five directors were present. The meeting was convened and presided over by Ms. Deng Yanqiu, Chairperson of the Company. The convening and procedures of this meeting comply with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Articles of Association of Jiangxi Wellgo Electronic Co., Ltd." (hereinafter referred to as the "Articles of Association"), and other relevant regulations.
II. Deliberation of Board Meeting Matters
- Resolution on the Proposal Regarding the Company's Compliance with Conditions for Issuing A-shares to Specific Targets
In accordance 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" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for the Registration of Securities Issuances by Listed Companies" (hereinafter referred to as the "Registration Management Measures"), and other relevant laws, regulations, and normative documents, as well as the relevant provisions of the "Articles of Association," the Company's Board of Directors, in conjunction with the Company's actual situation, conducted a thorough self-inspection and verification against the requirements for the qualifications and conditions of listed companies issuing A-shares to specific targets. It was determined that the Company meets all conditions and requirements for issuing A-shares to specific targets.
Voting Results: 5 votes in favor, 0 votes against, 0 abstentions.
This proposal has been reviewed and approved by the Independent Directors' Special Meeting, the Audit Committee of the Board of Directors, and the Strategy Committee of the Board of Directors. This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation.
- Deliberation and Approval of the Proposal on the Company's Plan for Issuing A-shares to Specific Targets in 2026
The Board of Directors deliberated and voted on the sub-proposals of the plan for issuing A-shares to specific targets as follows:
2.01 Type and Par Value of Shares to be Issued
The type of shares to be issued to specific targets will be RMB ordinary shares (A-shares) listed in China, with a par value of RMB 1.00 per share.
2.02 Issuance Method and Time
This issuance will be conducted through the method of issuing A-shares to specific targets. The issuance will be carried out at an appropriate time to specific targets after obtaining approval from the Shenzhen Stock Exchange and the registration approval from the China Securities Regulatory Commission (CSRC), within the prescribed validity period. If there are new regulations in national laws, regulations, or systems, the Company will adjust accordingly.
2.03 Issuance Targets and Subscription Method