Stock Code: 301678
Stock Abbreviation: Xinheng Hui
Announcement No.: 2026-039
Xinheng Hui Electronics Co., Ltd.
Announcement of Resolutions of the 20th Meeting of the Second Board of Directors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The 20th Meeting of the Second Board of Directors of Xinheng Hui Electronics Co., Ltd. (hereinafter referred to as the "Company") was held on August 10, 2026, through a combination of on-site and remote communication methods at the Company's conference room. The meeting notice was delivered to all directors in person or in writing on August 6, 2026. A total of 9 directors were eligible to attend, and 9 directors actually attended (including Directors Ren Zhijun, Yu Nirong, and Lu Dalong; Independent Directors Du Pengcheng, GAOFENG, and Du Pengcheng participated via remote communication). The meeting was convened and presided over by Chairman Ren Zhijun. The Company's Board Secretary and other senior management personnel attended the meeting. The convening and voting procedures of the meeting comply with the "Company Law of the People's Republic of China" and other laws, regulations, normative documents, and the "Articles of Association." The meeting was legal and valid. The directors present deliberated and approved the following proposals:
II. Deliberation of the Board Meeting
(I) Approval of the "Proposal on Using Surplus Funds to Invest in New Projects"
After deliberation, the Company's use of surplus funds to invest in new projects comprehensively considered the Company's development needs and plans, and the feasibility of project implementation. It was agreed that the Company will use a total of 87.8165 million yuan of surplus funds from its initial public offering and 42.1835 million yuan of its own funds (the specific amount is subject to the actual construction cost) for the expansion of the etching lead frame production workshop and the expansion of the IoT eSIM chip packaging and testing project. The plan for the use of these surplus funds complies with relevant laws, regulations, and normative documents, does not conflict with the fundraising investment project implementation plan, does not involve a disguised change in the use of raised funds or harm the interests of shareholders, and will not have an adverse impact on the Company's normal operations. It is in line with the Company's development strategy and plan, and is in the interests of the Company and all shareholders.
This proposal has been reviewed and approved by the 19th Audit Committee Meeting of the Second Board of Directors, and the sponsor institution has issued a no-objection verification opinion on this matter.
For details, please refer to the relevant announcement disclosed on the same day on the Juchao Information Network (http://www.cninfo.com.cn).
Voting results: 9 votes in favor, 0 votes against, 0 abstentions.
This proposal needs to be submitted to the shareholders' meeting for deliberation.
(II) Approval of the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary"