Covax: The extraordinary shareholders' meeting has been legally postponed, and the current board of directors remains unchanged.

The board of directors of Kexing stated in a declaration on July 11th that the special shareholders' meeting has been postponed by Kexing's chairman, Li Jiaqiang, until July 8, 2025, in accordance with the law, pending the final decision of the relevant court on the validity of the PIPE shares, and will be rescheduled. The declaration stated that SAIF Fund's false claim that the "special meeting will continue as scheduled" is intentionally deceptive and completely violates the company's articles of association and the laws of Antigua. The declaration stated that all illegal actions of the fake board of directors are null and void and have no legal effect. SAIF and the dissenting investor group will bear corresponding responsibilities. The declaration also shows that the current board of directors of Kexing remains unchanged, managing the company and executing its established priorities.