Stock Code: 301322 Stock Abbreviation: Lvtong Technology Announcement No.: 2026-055
Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd.
Announcement on the Resolutions of the Eleventh Meeting of the Fourth Board of Directors
I. Convening of the Board Meeting
The notice for the Eleventh Meeting of the Fourth Board of Directors of Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") was delivered to all directors and senior management via email and WeChat on July 21, 2026. With the consent of all directors to waive the notice period, the meeting was held on July 21, 2026, at the Company's conference room via a combination of on-site and communication methods. Seven directors were required to attend, and seven directors were present, with three directors attending via communication. The meeting was chaired by Chairman Zhang Zhijiang, and all senior management members attended as non-voting delegates.
The convening and holding of this meeting complied with the Company Law of the People's Republic of China and the Articles of Association, and the meeting was legal and valid.
II. Deliberations of the Board Meeting
Following careful deliberation by the attending directors and voting by registered ballot, the following resolution was passed:
(I) The Proposal on the Third Share Repurchase Plan was approved item by item.
- Purpose of the Share Repurchase
Based on the judgment of the Company's value and confidence in its future development, and to protect the interests of investors, especially small and medium-sized investors, enhance investor confidence, and promote the stable and sustainable development of the Company, the Company intends to use its own or self-raised funds to repurchase a portion of its shares through centralized bidding. The purpose of this repurchase is to maintain the Company's value and shareholder equity. All repurchased shares will be sold at an opportune time through centralized bidding twelve months after the Company discloses the results of this repurchase and the share change announcement. If the Company fails to implement the aforementioned purpose within three years after the completion of the share repurchase, the unused portion will be cancelled after fulfilling relevant procedures. If the state makes adjustments to relevant policies, the relevant repurchase plan will be implemented in accordance with the adjusted policies.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions.
- Compliance with Relevant Conditions for Share Repurchase