Baoding Tianwei Baobian board approves capital reserve to cover losses

Baoding Tianwei Baobian Electric Company Limited announced that its Eighth Board of Directors convened its 41st meeting on December 10, 2025. All nine directors attended and unanimously approved the "Proposal on Using Capital Reserve to Cover Losses," with 9 votes in favor, 0 against, and 0 abstentions. This decision, which aims to shore up the company's financial position, was previously reviewed and passed by the board's Audit and Risk Management Committee.

Further details regarding this proposal can be found in the announcement published on the Shanghai Stock Exchange website and in the Securities Daily. The resolution is subject to final approval by the company's Fifth Extraordinary General Meeting of Shareholders in 2025.

In light of the resolutions passed, the board also unanimously approved the "Proposal on Convening the Company's Fifth Extraordinary General Meeting of Shareholders in 2025." This meeting will be held to deliberate on the items approved by the board, including the capital reserve proposal. Notifications for the shareholders' meeting will be published on the Shanghai Stock Exchange website and in the Securities Daily.