Chinese Enterprise: Proposal to Extend the Term of Resolution and Authorization for Issuing A-shares to Specific Objects.

The Chinese company announced that a board meeting will be held on May 25, 2026 to review and approve the proposal to extend the validity period of the resolution and authorization to issue A shares to specific parties, which still requires approval by the shareholders' meeting. The current validity period is set to expire on June 26, 2026 and the company plans to extend it by 12 months to June 26, 2027 without adjusting any other terms of the issuance plan. The issuance has already been registered with the China Securities Regulatory Commission, and the company will announce any further developments in a timely manner.