Neway Valve shareholder releases pledged shares, EGM resolutions approved

Neway Valve (Suzhou) Company Limited announced that its controlling shareholder, Mr. Cheng Zhangwen, released a pledge on 6,500,000 shares using his own resources. Following this, Mr. Cheng Zhangwen no longer has any shares pledged, representing 0.00% of his total holdings and 0.00% of the company's total share capital.

As of the announcement date, the aggregate pledged shares of the controlling shareholders and their concert parties total 9,250,000 shares, representing 1.90% of their total holdings and 1.19% of the company's total share capital. Mr. Xi Chao has 9,250,000 shares pledged, scheduled to mature within the next year, corresponding to a financing balance of yuan 100,000,000.

Additionally, Neway Valve (Suzhou) held its fourth extraordinary general meeting for 2025 on October 17, 2025. All proposed resolutions were approved, including a resolution on foreign investment in casting projects and the relocation of a controlled subsidiary. The meeting was attended by 157 shareholders and proxies, representing 76.0068% of the company's total voting shares.