Jin Longyu announced that the 24th meeting of the fourth board of directors of the company deliberated and passed the “Proposal on Adjusting the Number of Board Members and Amendments to its Annexes”. It is proposed to adjust the number of board members from nine to seven, which should include at least one-third independent directors, and revise the corresponding provisions of the “Articles of Association” and “Rules of Procedure of the Board of Directors”. The bill still needs to be submitted to the shareholders' meeting for consideration. At the same time, the meeting reviewed and passed proposals to elect non-independent directors and independent directors for the 5th board of directors, renew the Central Audit Asia Pacific Accounting Firm to provide joint liability guarantees for 2026 financial and internal control auditors, and Hong Kong subsidiaries applying for bank credit of no more than $30 million, and decided to hold the 2026 3rd Extraordinary General Meeting of Shareholders on November 27, 2026.

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