Announcement of Resolutions of the 13th Meeting of the 4th Board of Directors
Zhejiang Taotao Vehicle Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
I. Meeting Information
The notice of the 13th meeting of the 4th Board of Directors of Zhejiang Taotao Vehicle Co., Ltd. was sent via email on March 19, 2026. The meeting was held on March 30, 2026, in the company meeting room, combining on-site and communication methods. A total of 9 directors were supposed to attend, and all 9 directors were present, including directors Cao Matao, Zhao Longman, and Zang Cuicui who attended via communication voting. Senior management also attended the meeting. The meeting was convened and presided over by Chairman Mr. Cao Matao. The convening and holding of this meeting comply with relevant laws and regulations and the provisions of the Articles of Association of Zhejiang Taotao Vehicle Co., Ltd. (hereinafter referred to as "the Articles of Association"), and the resolutions are legal and valid.
II. Meeting Resolutions
The following proposals were reviewed at the meeting:
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Proposal on the Company's 2025 Annual Board Work Report After review, the Board believes that in 2025, the Board of Directors strictly followed relevant laws, regulations, normative documents, and the Articles of Association, and carried out various tasks orderly around the company's development strategy. All directors diligently fulfilled their duties and participated seriously in decision-making on major company matters. Independent directors Chen Dongpo, Chen Junze, Zhang Jianxin, and Zang Cuicui submitted their independent director work reports for 2025, which will be presented at the company's 2025 annual shareholders' meeting. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the company's 2025 annual shareholders' meeting for review.
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Proposal on the Company's 2025 Annual General Manager Work Report After review, the Board believes that the management effectively executed the resolutions of the shareholders' meeting and the Board, and the report objectively and truthfully reflects the main work and achievements of the management in 2025. Voting results: 9 votes in favor, 0 votes against, 0 abstentions.
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Proposal on the Company's 2025 Annual Report and Summary After review, the Board believes that the information contained in the 2025 Annual Report and its summary accurately and completely reflects the company's operating results, with no false records, misleading statements, or significant omissions. This proposal has been reviewed and approved by the company's Board Audit Committee. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the company's 2025 annual shareholders' meeting for review.
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Proposal on the Company's 2025 Profit Distribution Plan After review, the Board believes that the profit distribution plan for 2025 is based on the company's actual operating conditions and fully considers the needs for future business development, allowing all shareholders to share in the company's operating results, and is legal, compliant, and reasonable. The company plans to distribute a cash dividend of RMB 15 (including tax) for every 10 shares based on the total share capital on the equity distribution registration date, with no capital reserve conversion to share capital or bonus shares, and the remaining undistributed profits will be carried forward to the next year. This proposal has been reviewed and approved by the company's Board Audit Committee. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. This proposal needs to be submitted to the company's 2025 annual shareholders' meeting for review.