ZHEJIANG YONGTAI TECHNOLOGY
CO., LTD.
(GDR under the symbol:
"YTT")
(a joint stock company
established under the laws of the People's Republic of China with
limited liability)
Announcement on Resolution of
the Second EGM in 2024
Special Notice
1. No resolution was objected at the
Extraordinary General Meeting.
2. No changes to the resolutions of
the previous general meetings were involved in the Extraordinary
General Meeting.
I.
CONVENING AND ATTENDANCE OF THE MEETING
(I)
Convening of the Meeting
1. Time of the meeting
(1) Time of on-site meeting: 15:00
on Monday, 15 July 2024;
(2) Time of online voting: 15 July
2024;
Among which, the specific date of
online voting through the trading system of the Shenzhen Stock
Exchange was from 9:15 to 9:25, 9:30 to 11:30 and 13:00 to 15:00 on
15 July 2024;
The specific date of voting through
the Internet of the Shenzhen Stock Exchange was between 9:15 and
15:00 on 15 July 2024.
2. Venue of the on-site meeting:
conference room on the second floor of the office building of
Zhejiang Yongtai Technology Co., Ltd. at No. 1 Donghai Fourth
Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang
Province.
3. Method of convening the meeting:
both on-site voting and online voting.
4. Convener of the meeting: Board of
Directors of the Company.
5. Chairperson of the meeting: the
meeting was presided over by Ms. Wang Yingmei, the chairwoman of
the Company.
6. Validity and compliance of the
meeting: the meeting was held in accordance with relevant laws,
administrative regulations, departmental rules, regulatory
documents and the provisions of the Articles of
Association.
(II) Attendance of the Meeting
1. A total of 32 shareholders and
shareholders’ proxies, representing 282,240,038 shares or 30.8877%
of the total number of shares of the Company carrying voting
rights, were present at the general meeting. Of which:
(1) A total of 9 shareholders and
shareholders’ proxies, representing 270,353,055 shares or 29.5869%
of the total number of shares of the Company carrying voting
rights, were present at the on-site meeting.
(2) A total of 23 shareholders,
representing 11,886,983 shares or 1.3009% of the total number of
shares of the Company carrying voting rights, were present at the
meeting through online voting.
(3) A total of 23 minority
shareholders (excluding directors, supervisors, senior management
of the Company, and other shareholders who individually or
collectively hold 5% or more of the Company's shares), representing
7,357,083 shares or 0.8051% of the total number of shares of the
Company carrying voting rights, were present at the
meeting.
2. The Company’s directors,
supervisors, and secretary to the Board attended the meeting, while
other senior management sat in the meeting. AllBright Law
Offices（上海市锦天城律师事务所） delegated lawyers to
witness the meeting and issued a legal opinion.
II.
CONSIDERATIONS AND POLL RESULTS OF THE RESOLUTION
The following resolution was
considered and approved at the general meeting through a
combination of on-site voting and online voting:
(1)
Resolution on the Company's 2024 Restricted Stock Incentive Plan
(Draft) and its summary
Voting result: 275,685,860 shares in
favour, accounting for 98.2237% of the total number of valid voting
shares held by shareholders attending the meeting; 4,985,526 shares
against, accounting for 1.7763% of the total number of valid voting
shares held by shareholders attending the meeting; 100 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by shareholders attending the
meeting.
Voting result of minority
shareholders: 2,371,557 shares in favour, accounting for 32.2350%
of the total number of valid voting shares held by minority
shareholders attending the meeting; 4,985,526 shares against,
accounting for 67.7650% of the total number of valid voting shares
held by minority shareholders attending the meeting; 0 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by minority shareholders attending the
meeting.
Shareholders who are the incentive
recipients under the Company's 2024 Restricted Stock Incentive Plan
or shareholders who have a connected relationship with the
incentive recipients£¬ abstained from voting on this proposal. This resolution is a
special resolution and was approved by over two-thirds of the total
number of valid voting shares held by shareholders attending the
general meeting.
(2)
Resolution on Administrative Measures for the Implementation and
Appraisal of the 2024 Restricted Stock Incentive Plan of the
Company
Voting result: 275,732,635 shares in
favour, accounting for 98.2404% of the total number of valid voting
shares held by shareholders attending the meeting; 4,938,751 shares
against, accounting for 1.7596% of the total number of valid voting
shares held by shareholders attending the meeting; 0 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by shareholders attending the
meeting.
Voting result of minority
shareholders: 2,418,332 shares in favour, accounting for 32.8708%
of the total number of valid voting shares held by minority
shareholders attending the meeting; 4,938,751 shares against,
accounting for 67.1292% of the total number of valid voting shares
held by minority shareholders attending the meeting; 0 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by minority shareholders attending the
meeting.
Shareholders who are the incentive
recipients under the Company's 2024 Restricted Stock Incentive Plan
or shareholders who have a connected relationship with the
incentive recipients£¬ abstained from voting on this proposal. This resolution is a
special resolution and was approved by over two-thirds of the total
number of valid voting shares held by shareholders attending the
general meeting.
(3)
Resolution to request the General Meeting of Shareholders to
authorize the Board of Directors to handle matters relating to the
Share Incentive Scheme
Voting result: 275,732,635 shares in
favour, accounting for 98.2404% of the total number of valid voting
shares held by shareholders attending the meeting; 4,938,751 shares
against, accounting for 1.7596% of the total number of valid voting
shares held by shareholders attending the meeting; 0 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by shareholders attending the
meeting.
Voting result of minority
shareholders: 2,418,332 shares in favour, accounting for 32.8708%
of the total number of valid voting shares held by minority
shareholders attending the meeting; 4,938,751 shares against,
accounting for 67.1292% of the total number of valid voting shares
held by minority shareholders attending the meeting; 0 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0000% of the total number of valid
voting shares held by minority shareholders attending the
meeting.
Shareholders who are the incentive
recipients under the Company's 2024 Restricted Stock Incentive Plan
or shareholders who have a connected relationship with the
incentive recipients£¬ abstained from voting on this proposal. This resolution is a
special resolution and was approved by over two-thirds of the total
number of valid voting shares held by shareholders attending the
general meeting.
Ⅲ.
LEGAL OPINION
ISSUED BY THE LAWYERS
1.
Name of law firm: AllBright Law Offices（上海市锦天城律师事务所）
2. Names
of lawyers: Chen
Xia, Shao
Yuchen
3.
Conclusive opinion: The procedures for convening and
holding the Second Extraordinary General
Meeting in 2024, the qualifications
of the convenor and the
personnel who attended the
meeting, and the voting
procedures of the meeting
conformed to the requirements of the laws,
regulations, rules and other regulatory
documents such as the Company Law, the
Rules Governing General Meeting
of Listed Companies as well as relevant provisions
of the Articles of Association; The shareholders related to the
related-party transactions have all abstained from voting on the
motion concerning the related-party transactions at this
general meeting,
and the voting results of the general
meeting are lawful and valid.
Ⅳ. DOCUMENTS
FOR INSPECTION
1.
Resolution of the Second Extraordinary
General Meeting in 2024;
2. Legal opinion issued by
AllBright Law Offices.
The
Board of Directors
Zhejiang
Yongtai Technology Co., Ltd.
15
July 2024