Zhejiang XinXing Tools Co., Ltd.
2024 Annual Shareholders' Meeting Resolution
I. Convening of the Meeting
The 2024 Annual Shareholders' Meeting of Zhejiang XinXing Tools Co., Ltd. was held on June 10, 2025. Fifteen shareholders and shareholder representatives attended, representing 7,500,000 shares, or 100% of the company's total share capital. The convening of this shareholders' meeting complied with the provisions of the Company Law and relevant laws and regulations.
II. Review of Proposals
The following resolutions were passed by the Shareholders' Meeting through a show of hands:
(I) The Shareholders' Meeting approved the "Proposal on the Company's Application for Initial Public Offering of Shares (A-shares) and Listing on the ChiNext Board":
1.1 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Type and Number of Shares for This Issuance" was approved.
1.2 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Offering Targets" was approved.
1.3 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Offering Price and Pricing Method" was approved.
1.4 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Issuance Method and Underwriting Method" was approved.
1.5 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Listing Location" was approved.
1.6 With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Validity Period of the Resolution for This Issuance and Listing" was approved.
(II) With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on the Company's Investment Projects for Raised Funds from Initial Public Offering of Shares" was approved.
(III) With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on Authorizing the Board of Directors to Handle Specific Matters Related to the Company's Stock Issuance and Listing" was approved.
(IV) With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on Engaging the Company's Sponsor (Lead Underwriter) for This Issuance and Listing" was approved.
(V) With 7,500,000 shares in favor, 0 abstentions, and 0 against, representing 100% of the voting rights of shareholders present at the meeting, the "Proposal on Engaging the Company's Legal Advisor for This Issuance and Listing" was approved.