Huazi Industry shareholders approve increased related party transactions

Baotou Huazi Industry Co., Ltd. held its second extraordinary general meeting of shareholders on August 28, 2025, where shareholders approved a resolution concerning the additional estimated amount for daily related party transactions in 2025. The proposal passed with 99.9066% of the A-share votes in favor.

A total of 130 shareholders and proxies attended the meeting, representing 115,443,011 shares, which constitutes 33.9600% of the company's total voting shares. The resolution, which involved related party transactions, was passed by more than half of the voting rights held by non-related shareholders present at the meeting. Controlling shareholder Hainan Shengtai Chuangfa Industrial Co., Ltd. abstained from voting due to its related party status.

The meeting procedures complied with the "Company Law" and the company's articles of association. Guohao Law Firm (Shanghai) attested that the meeting's convening, opening procedures, and resolutions were legally valid and effective.