Joyoung to hold second extraordinary shareholder meeting in September

Joyoung will hold its Second Extraordinary General Meeting of Shareholders for 2025 on September 15, 2025, with online voting also available. The meeting, called by the board of directors, will be held at 15:00 at the company's conference room in Hangzhou. The equity registration date for shareholders eligible to attend is September 8, 2025. Trading system voting will be open from 9:15-9:25, 9:30-11:30, and 13:00-15:00, with internet voting from 9:15-15:00.

Key agenda items include the approval of independent director stipends, revisions to the company's articles of association and management policies, and a reduction in the estimated daily related-party transactions for 2025. Shareholders will also vote on the election of three non-independent directors (Ms. Yang Ningning, Ms. Han Run, and Mr. Jiang Guangyong) and three independent directors (Mr. Zhao Wenjie, Ms. Wei Zi, and Mr. Dou Junsheng) for the seventh board.

Proposal 2, involving revisions to the articles of association, requires a special resolution, meaning it must be passed by two-thirds or more of the voting rights held by shareholders present. Proposal 4, regarding related-party transactions, will require affiliated shareholders (Shanghai Lihong Enterprise Management Co., Ltd. and JS Global Capital Management Limited) to abstain from voting.