Innuovo board approves higher limit for related-party transactions

Innuovo Technology Co., Ltd. announced that its board of directors held its thirteenth meeting on December 25, 2025. The meeting, presided over by chairman Wei Zhonghua, saw all nine directors in attendance and company executives present.

The board discussed and approved the "Proposal on Increasing the Estimated Amount of Daily Related-Party Transactions for 2025" with a vote of 5 in favor, 0 against, and 0 abstentions. Four directors—Xu Wencai, Hu Tiangao, Li Baoping, and Wu Xing—recused themselves from the vote due to their related-party status. The proposal had previously been reviewed and approved by the company's independent directors.

Further details regarding the increased 2025 daily related-party transaction estimates are available in Innuovo's announcement, reference number 2025-064, published in the "China Securities Journal," "Securities Times," and on http://www.cninfo.com.cn.