Zhejiang XCC group corrects project investment figures, holds shareholder meeting

Zhejiang XCC Group announced a correction to previous disclosures regarding its "humanoid intelligent robot and automotive intelligent driving core components R&D and industrialization project." The company updated the total investment for this project from CNY 104,586.25 to CNY 105,474.62. This correction was made in both the board resolution announcement and the meeting materials for the third extraordinary general meeting of shareholders in 2025. The total proposed fundraising for the A-share issuance remains capped at CNY 100,000.00, with CNY 70,000.00 allocated to the core project and CNY 30,000.00 for supplementary working capital.

Additionally, the company held its fifth extraordinary general meeting of shareholders on October 13, 2025, in Shaoxing, Zhejiang. The meeting saw 535 shareholders or proxies, representing 36.8959% of voting shares, approve the "Proposal on the Special Report on the Use of Previously Raised Funds." The resolution passed with 99.8055% of A-share votes in favor.

The meeting procedures and voting results were verified by GuoHao Law Firm (Shanghai) and confirmed to be in compliance with relevant laws and regulations. The company apologized for any inconvenience and pledged to strengthen its information disclosure processes.