Luoyang Bearing Group Co., Ltd.
Resolution of the 2024 Third Extraordinary General Meeting
The 2024 Third Extraordinary General Meeting of Luoyang Bearing Group Co., Ltd. (hereinafter referred to as the "Company") was held on August 27, 2024, in the Company's meeting room. The attending shareholders (representatives) represented 60,000,000,000 shares, accounting for 100% of the Company's total voting shares, in compliance with the "Company Law of the People's Republic of China" and other laws and regulations. The meeting deliberated on the following matters and voted by signed ballot, with the results as follows:
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The proposal on the Company's application for an initial public offering of RMB ordinary shares (A-shares) and listing was deliberated and approved with 60,000,000,000 votes in favor, 0 votes against, and 0 abstentions.
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The proposal on the use of proceeds from the Company's initial public offering of shares was deliberated and approved with 60,000,000,000 votes in favor, 0 votes against, and 0 abstentions.
The intended use of proceeds from the Company's initial public offering of shares is as follows: After deducting issuance expenses, the raised funds will be invested in order of priority in the development and application of high-speed train bogie bearings, the upgrading project for precision bearing production lines for major technical equipment, the industrialization project for high-end precision miniature slewing bearings, the intelligent production project for new energy bearings, and the repayment of bank loans. The Company will strictly use the raised funds in accordance with relevant management systems, and will carry out the construction of investment projects for raised funds based on the principle of overall planning, considering the priority of projects, the time of capital inflow, and the progress of projects. If the amount of raised funds (after deducting issuance expenses) is insufficient to meet the investment needs of the above projects after the capital is raised, the Company will supplement the insufficient portion with its own funds. If the timing of capital inflow for this offering does not match the project progress requirements, the Company will make advance investments through its own funds or bank loans based on the actual situation, and will replace such advance investments with the raised funds upon their arrival.
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The proposal on the feasibility study report for the investment projects intended to be funded by the Company's current issuance of raised funds was deliberated and approved with 60,000,000,000 votes in favor, 0 votes against, and 0 abstentions.
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The proposal to authorize the Board of Directors to handle matters related to the Company's initial public offering of shares and listing was deliberated and approved with 60,000,000,000 votes in favor, 0 votes against, and 0 abstentions.
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The proposal on the distribution plan for undistributed profits prior to the Company's initial public offering of shares was deliberated and approved with 60,000,000,000 votes in favor, 0 votes against, and 0 abstentions.
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2024 Third Extraordinary General Meeting Resolution
(This page is intentionally left blank, serving as the signature and seal page for the "Resolution of the 2024 Third Extraordinary General Meeting of Luoyang Bearing Group Co., Ltd.")
Luoyang Guohong Investment Holding Group Co., Ltd. (Seal):
Legal Representative or Authorized Representative (Signature): Cheng Hongjie
Date: August 27, 2024
Power of Attorney
2024 Third Extraordinary General Meeting Notice
I hereby fully authorize Cheng Hongjie (Mr./Ms.) to attend the 2024 Third Extraordinary General Meeting of Luoyang Bearing Group Co., Ltd. on my behalf and to exercise voting rights:
- Vote on the proposal "Regarding the Company's Application for an Initial Public Offering of RMB Ordinary Shares (A-shares) and Listing":
[ ] For [ ] Against [ ] Abstain