The company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The 23rd meeting of the Second Board of Directors of Hunan Hyneng New Energy Battery Material Co., Ltd. (hereinafter referred to as the "Company") was held on July 16, 2026, in the Company's conference room through a combination of on-site and written voting. The meeting notice was issued on July 14, 2026, via telephone, WeChat, and other methods. Nine directors were eligible to attend, and nine directors attended. Among them, Mr. Zhao Huaiqiu, Ms. Wang Yongmei, and Mr. Zhong Chaofan attended via written voting. The meeting was presided over by Chairman Mr. Tan Xinzhao, and some senior management personnel of the Company attended the meeting. The convening of the meeting complied with the "Company Law of the People's Republic of China" and the "Articles of Association of Hunan Hyneng New Energy Battery Material Co., Ltd." (hereinafter referred to as the "Articles of Association").
II. Deliberation and Voting of the Board Meeting
After deliberation and voting by the directors, the following resolutions were passed:
(I) Resolution on the "Proposal on Investing in and Constructing a Mineral-Integrated New Energy Battery Material Recycling Industrial Project"
It is agreed that the Company will invest in and construct the Guizhou Hyneng (Anshun) Mineral-Integrated New Energy Battery Material Recycling Industrial Project in Anshun County, Qiannan Buyei and Miao Autonomous Prefecture, Guizhou Province. This project will focus on the development of lithium iron phosphate and its upstream industrial chain, including lithium iron phosphate, ferrous phosphate, phosphate sources (mining, beneficiation, and sulfuric acid production for phosphoric acid), iron sources (e.g., pyrite), lithium carbonate processing, and lithium battery recycling. The total construction period is expected to be 5 years, and the Company will implement the construction in phases based on market conditions. It is proposed to authorize the shareholders' meeting to grant the Board of Directors, and the Board of Directors to authorize the Chairman or their authorized representatives, to fully handle all matters related to this external investment and sign relevant legal documents.
The specific content is detailed in the "Announcement on Investing in and Constructing a Mineral-Integrated New Energy Battery Material Recycling Industrial Project" published on the Juchao Information Network on the same day.
Voting results: 9 votes in favor, 0 against, 0 abstentions.
The Strategic Committee of the Second Board of Directors has reviewed and approved this proposal. This proposal needs to be submitted to the shareholders' meeting for approval.
(II) Resolution on the "Proposal on Terminating Part of the External Investment Projects"
It is agreed that the Company will terminate the investment in the 500,000 tons/year copper smelting and supporting facilities project (supporting facilities include by-products such as sulfuric acid and steam from copper smelting) in the Shuanglong Industrial Park, Fuquan City, Guizhou Province. Correspondingly, the previously planned joint investment arrangement with related parties based on this project will be terminated, and the Company's management will be authorized to handle all procedures and matters related to the termination of this external investment.
The specific content is detailed in the "Announcement on Terminating Part of the External Investment Projects" published on the Juchao Information Network on the same day.
Voting results: 6 votes in favor, 0 against, 0 abstentions.
Given that the proposal involves terminating a previously approved joint investment arrangement with related parties, Directors Mr. Tan Xinzhao, Mr. Zhao Huaiqiu, and Ms. Wang Yongmei abstained from voting on this proposal.