Shenzhen SC New Energy shareholders approve cash management proposal

Shenzhen SC New Energy Technology Corporation announced the resolutions from its Fourth Extraordinary General Meeting of Shareholders for 2025, held on September 12, 2025. The meeting, which combined on-site and online voting, saw no proposals rejected.

A total of 624 shareholders, representing 95,740,630 shares or 27.6010% of the company's total voting shares, participated. The key resolution, "Proposal on Using Idle Own Funds for Cash Management," was approved with 91,768,095 votes in favor (95.8507%), 3,818,571 votes against (3.9885%), and 153,964 abstentions (0.1608%).

Minority shareholders, comprising 620 individuals, voted 5,894,473 in favor (59.7392%), 3,818,571 against (38.7004%), and 153,964 abstentions (1.5604%). Beijing Kangda Law Firm confirmed that the meeting's convening, procedures, and resolutions were in compliance with relevant laws and regulations.