Zhejiang Yongtai Technology Co Ltd Resolution of the Second EGM in 2024

RNS Number : 4308W

Zhejiang Yongtai Technology Co Ltd

15 July 2024

 

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)

Announcement on Resolution of the Second EGM in 2024

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 Monday, 15 July 2024;

(2) Time of online voting: 15 July 2024;

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 15 July 2024;

The specific date of voting through the Internet of the Shenzhen Stock Exchange was between 9:15 and 15:00 on 15 July 2024.

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 32 shareholders and shareholders’ proxies, representing 282,240,038 shares or 30.8877% of the total number of shares of the Company carrying voting rights, were present at the general meeting. Of which:

(1) A total of 9 shareholders and shareholders’ proxies, representing 270,353,055 shares or 29.5869% of the total number of shares of the Company carrying voting rights, were present at the on-site meeting.

(2) A total of 23 shareholders, representing 11,886,983 shares or 1.3009% of the total number of shares of the Company carrying voting rights, were present at the meeting through online voting.

(3) A total of 23 minority shareholders (excluding directors, supervisors, senior management of the Company, and other shareholders who individually or collectively hold 5% or more of the Company's shares), representing 7,357,083 shares or 0.8051% of the total number of shares of the Company carrying voting rights, were present at the meeting.

2. The Company’s directors, supervisors, and secretary to the Board attended the meeting, while other senior management 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 the Company's 2024 Restricted Stock Incentive Plan (Draft) and its summary

Voting result: 275,685,860 shares in favour, accounting for 98.2237% of the total number of valid voting shares held by shareholders attending the meeting; 4,985,526 shares against, accounting for 1.7763% of the total number of valid voting shares held by shareholders attending the meeting; 100 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 2,371,557 shares in favour, accounting for 32.2350% of the total number of valid voting shares held by minority shareholders attending the meeting; 4,985,526 shares against, accounting for 67.7650% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% 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 Administrative Measures for the Implementation and Appraisal of the 2024 Restricted Stock Incentive Plan of the Company

Voting result: 275,732,635 shares in favour, accounting for 98.2404% of the total number of valid voting shares held by shareholders attending the meeting; 4,938,751 shares against, accounting for 1.7596% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 2,418,332 shares in favour, accounting for 32.8708% of the total number of valid voting shares held by minority shareholders attending the meeting; 4,938,751 shares against, accounting for 67.1292% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% 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.

(3) Resolution to request the General Meeting of Shareholders to authorize the Board of Directors to handle matters relating to the Share Incentive Scheme

Voting result: 275,732,635 shares in favour, accounting for 98.2404% of the total number of valid voting shares held by shareholders attending the meeting; 4,938,751 shares against, accounting for 1.7596% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 2,418,332 shares in favour, accounting for 32.8708% of the total number of valid voting shares held by minority shareholders attending the meeting; 4,938,751 shares against, accounting for 67.1292% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% 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.

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 2024, 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.

Ⅳ. DOCUMENTS FOR INSPECTION

1. Resolution of the Second Extraordinary General Meeting in 2024;

2. Legal opinion issued by AllBright Law Offices.

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

15 July 2024

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