Suzhou Betterly High-Tech Material Co., Ltd.
Resolutions of the Ninth Meeting of the Fourth Board of Directors
The ninth meeting of the fourth Board of Directors of Suzhou Betterly High-Tech Material Co., Ltd. was held on May 26, 2025, in the company's conference room, presided over by Chairman Wang Quan. Seven directors were present, and seven directors attended. The meeting was convened with advance notice to all directors in accordance with the "Articles of Association" and was legal and valid. With the unanimous consent of the attending directors, the following board resolutions were formed:
(I) Deliberation and Approval of the "Proposal on the Company's Application for Initial Public Offering of Shares and Listing on the ChiNext Market"
Proposal Content and Itemized Voting Results:
(1) Type of Shares to be Issued: RMB ordinary shares (A shares);
Voting Result: 7 votes in favor, 0 votes against, 0 abstentions.
(2) Par Value of Shares to be Issued: RMB 1 per share;
(3) Number of Shares to be Issued: This offering is limited to new shares publicly issued by the company, excluding shares publicly offered by the company's shareholders. Based on the company's current total share capital of 197 million shares, the number of shares to be issued shall not exceed 65.7 million shares, accounting for no less than 25.01% of the total share capital after the issuance. The final number of shares issued shall be subject to the approval or registration by the China Securities Regulatory Commission (CSRC);
(4) Pricing Method: This offering will adopt a combination of offline inquiry-based allocation to designated inquiry targets and online fixed-price issuance to the general public, or other issuance methods recognized by the CSRC and the Shenzhen Stock Exchange (SZSE); the final pricing method will be authorized by the shareholders' meeting to the board of directors, to be determined in accordance with the relevant regulations of the securities regulatory authorities;
(5) Strategic Placement: This offering may include placements to strategic investors. Senior management and core employees of the company may establish special asset management plans to participate in the strategic placement of this offering. The specific placement plan will be determined by the shareholders' meeting or its authorized personnel based on the specific conditions of the securities market at the time of issuance, the securities market environment, relevant laws and regulations, and the approval status of the intended listing exchange;
(6) Issuance Method: This offering will adopt a combination of offline inquiry-based allocation to designated inquiry targets and online fixed-price issuance to the general public, or other issuance methods recognized by the CSRC and the SZSE;
(7) Issuance Targets: Offline investors meeting the qualification requirements and domestic individual investors, legal persons, and other institutional investors with trading qualifications for the ChiNext market on the SZSE (excluding those prohibited by Chinese laws, administrative regulations, other applicable normative documents, and other regulatory requirements that the issuer must comply with) or other targets as stipulated by the CSRC;
(8) Underwriting Method: Standby underwriting;
(9) Listing Location: SZSE;
(10) Issuance Time: The company will proceed with the issuance after approval or registration by the CSRC. The specific issuance date will be determined by the shareholders' meeting authorizing the board of directors after the CSRC's approval or registration;