Securities Code: 301550
Securities Abbreviation: Siling Zhigu
Announcement No.: 2026-025
Announcement of Resolutions of the 19th Meeting of the Fourth Board of Directors of Zhejiang Siling Intelligent Drive Group Co., Ltd.
The Company and all members of the Board of Directors guarantee the content of 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 notice for the 19th meeting of the Fourth Board of Directors of Zhejiang Siling Intelligent Drive Group Co., Ltd. (hereinafter referred to as the "Company") was issued via electronic communication on August 14, 2026, and the meeting was held on August 14, 2026, in the Company's meeting room, combining on-site and telecommunication methods. With the consent of all directors, the notice period requirement was waived. The meeting was convened and presided over by Mr. Jiang Ling, Chairman of the Board. A total of 5 directors were eligible to attend, and 5 directors were present. The Company's Board Secretary and other senior management personnel attended the meeting.
The convening, holding, and voting procedures of this meeting comply with relevant laws, regulations, and the Articles of Association.
II. Deliberation of Board Meeting Proposals
The attending directors deliberated and voted on the following proposals:
(I) Deliberation and Approval of the Proposal on the Company Meeting the Conditions for Issuing Shares to Specific Objects
In accordance with the relevant provisions of laws and regulations such as the "Company Law," "Securities Law," and "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," and by comparing with the conditions for listed companies to issue shares to specific objects, after item-by-item self-inspection and argumentation, the Company meets the qualifications and conditions for issuing shares to specific objects.
This proposal has been reviewed by the Board's Strategy Committee, the Board's Audit Committee, and the Independent Directors' Special Committee.
Voting Results: 5 votes in favor, 0 votes against, 0 abstentions.
This proposal still needs to be submitted to the Company's general meeting of shareholders for deliberation and approval.
(II) Deliberation and Approval of the Proposal on the Plan for Issuing Shares to Specific Objects in 2026
In accordance with the provisions of laws and regulations such as the "Company Law," "Securities Law," and "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," the Company's Board of Directors has formulated the plan for issuing shares to specific objects in 2026 (hereinafter referred to as the "Current Issuance" or "Current Private Placement"). The item-by-item voting results for the proposal are as follows:
2.1 Type and Par Value of Shares to be Issued
The shares to be issued in this issuance are Renminbi ordinary shares (A shares) listed in China, with a par value of RMB 1.00 per share.
2.2 Issuance Method and Timing
The Current Issuance will be conducted through private placement to specific objects. After the Shenzhen Stock Exchange's review and approval and upon obtaining the registration document from the China Securities Regulatory Commission (CSRC), the Company will issue the shares at an opportune time within the prescribed validity period.
2.3 Issuance Targets and Subscription Method
The targets for the Current Issuance of shares to specific objects will not exceed 35 specific investors, including qualified fund management companies, securities companies, wealth management companies, insurance companies, trust companies, financial companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors as stipulated by the CSRC, as well as other legal persons, natural persons, or other qualified investors as stipulated by the CSRC. If a fund management company, securities company, wealth management company, insurance company, qualified foreign institutional investor, or RMB qualified foreign institutional investor subscribes with two or more products managed by it, it will be considered as one issuance target. If a trust investment company acts as an issuance target, it can only subscribe with its own funds.