Keboda shareholders approve related-party transactions

Keboda Technology Co., Ltd. held its fourth extraordinary general meeting of shareholders for 2025 on October 16, 2025, at its Shanghai Free Trade Zone office. A total of 141 shareholders and proxies attended, representing 348,383,360 voting shares, or 86.2641% of the company's total voting shares. The meeting, chaired by Ke Guihua, the chairman, affirmed that all procedures complied with relevant company laws and regulations.

Key resolutions approved included providing guarantees for bank credit lines to a holding subsidiary and offering financial assistance to a holding subsidiary, both deemed related-party transactions. The first resolution, regarding bank credit guarantees, passed with 25,786,864 votes in favor (99.9352%). The second resolution, concerning financial assistance to a holding subsidiary, received 25,788,064 votes in favor (99.9399%). A third resolution, regarding a holding subsidiary accepting financial assistance, passed with 25,787,964 votes in favor (99.9395%).

All three resolutions involved related-party transactions, requiring connected shareholders to abstain from voting. A total of 322,579,796 shares held by connected shareholders were not included in the valid voting count for these resolutions. Shanghai Yingdong Law Firm confirmed the legality and validity of the meeting's procedures and resolutions.