REG - Zhejiang Yongtai - Resolution of The Second EGM In 2025

Zhejiang Yongtai Technology CoAnnouncement

21/08/2025 12:15

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RNS Number : 3010W  Zhejiang Yongtai Technology Co Ltd  21 August 2025

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of
China with limited liability)

Resolution of The Second EGM In 2025

Special Notice

1. No resolution was objected at the Extraordinary General Meeting.

2. No changes to the resolutions of the previous general meetings were
involved in the Extraordinary General Meeting.

I. CONVENING AND ATTENDANCE OF THE MEETING

(I) Convening of the Meeting

1. Time of the meeting

(1) Time of on-site meeting: 15:00 on Thursday, 21 August 2025;

(2) Time of online voting: 21 August 2025;

Among which, the specific date of online voting through the trading system of
the Shenzhen Stock Exchange was from 9:15 to 9:25, 9:30 to 11:30 and 13:00 to
15:00 on 21 August 2025;

The specific date of voting through the Internet of the Shenzhen Stock
Exchange was between 9:15 and 15:00 on 21 August 2025.

2. Venue of the on-site meeting: conference room on the second floor of the
office building of Zhejiang Yongtai Technology Co., Ltd. at No. 1 Donghai
Fourth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province.

3. Method of convening the meeting: both on-site voting and online voting.

4. Convener of the meeting: Board of Directors of the Company.

5. Chairperson of the meeting: the meeting was presided over by Ms. Wang
Yingmei, the chairwoman of the Company.

6. Validity and compliance of the meeting: the meeting was held in accordance
with relevant laws, administrative regulations, departmental rules, regulatory
documents and the provisions of the Articles of Association.

(II) Attendance of the Meeting

1. A total of 706 shareholders and shareholders' proxies, representing
175,376,446 shares or 18.9514% of the total number of shares of the Company
carrying voting rights, were present at the general meeting. Of which:

(1) A total of 11 shareholders and shareholders' proxies, representing
159,765,493 shares or 17.2645% of the total number of shares of the Company
carrying voting rights, were present at the on-site meeting.

(2) A total of 695 shareholders, representing 15,610,953 shares or 1.6869% of
the total number of shares of the Company carrying voting rights, were present
at the meeting through online voting.

(3) A total of 695 minority shareholders (excluding directors, senior
management of the Company, and other shareholders who individually or
collectively hold 5% or more of the Company's shares), representing 11,120,953
shares or 1.2017% of the total number of shares of the Company carrying voting
rights, were present at the meeting.

2. The Company's directors, and senior management attended or sat in the
meeting. AllBright Law Offices（上海市锦天城律师事务所）
delegated lawyers to witness the meeting and issued a legal opinion.

II. CONSIDERATIONS AND POLL RESULTS OF THE RESOLUTION

The following resolution was considered and approved at the general meeting
through a combination of on-site voting and online voting:

(1) Resolution on Repurchasing and Cancelling Partial Restricted Shares
Granted but not yet Unlocked to Participants

Voting result: 170,901,209 shares in favour, accounting for 98.8507% of the
total number of valid voting shares held by shareholders attending the
meeting; 468,547 shares against, accounting for 0.2710% of the total number of
valid voting shares held by shareholders attending the meeting; 1,518,400
shares abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.8783% of the total number of valid voting shares
held by shareholders attending the meeting.

Voting result of minority shareholders: 8,986,906 shares in favour, accounting
for 81.8938% of the total number of valid voting shares held by minority
shareholders attending the meeting; 468,547 shares against, accounting for
4.2697% of the total number of valid voting shares held by minority
shareholders attending the meeting; 1,518,400 shares abstained (among which 0
shares are abstained by default due to non-voting), accounting for 13.8365% of
the total number of valid voting shares held by minority shareholders
attending the meeting.

Shareholders who are the incentive recipients under the Company's 2024
Restricted Stock Incentive Plan or shareholders who have a connected
relationship with the incentive recipients， abstained from voting on this
proposal. This resolution is a special resolution and was approved by over
two-thirds of the total number of valid voting shares held by shareholders
attending the general meeting.

 (2) Resolution on Changing the Registered Capital of the Company and
Amending the Articles of Association

Voting result: 173,355,599 shares in favour, accounting for 98.8477% of the
total number of valid voting shares held by shareholders attending the
meeting; 445,647 shares against, accounting for 0.2541% of the total number of
valid voting shares held by shareholders attending the meeting; 1,575,200
shares abstained (among which 5,700 shares are abstained by default due to
non-voting), accounting for 0.8982% of the total number of valid voting shares
held by shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of
the total number of valid voting shares held by shareholders attending the
general meeting.

Ⅲ. LEGAL OPINION ISSUED BY THE LAWYERS

1. Name of law firm: AllBright Law
Offices（上海市锦天城律师事务所）

2. Names of lawyers: Chen Xia,Shao Yuchen

3. Conclusive opinion: The procedures for convening and holding the Second
Extraordinary General Meeting in 2025, the qualifications of the convenor and
the personnel who attended the meeting, and the voting procedures of the
meeting conformed to the requirements of the laws, regulations, rules and
other regulatory documents such as the Company Law, the Rules Governing
General Meeting of Listed Companies as well as relevant provisions of the
Articles of Association; The shareholders related to the related-party
transactions have all abstained from voting on the motion concerning the
related-party transactions at this general meeting, and the voting results of
the general meeting are lawful and valid.

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

21 August 2025

 

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