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 Third 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 Friday, 13 September 2024;
(2) Time of online voting: 13
September 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
13 September 2024;
The specific date of voting through
the Internet of the Shenzhen Stock Exchange was between 9:15 and
15:00 on 13 September 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 521 shareholders and
shareholders' proxies, representing 278,912,542 shares or 30.1396%
of the total number of shares of the Company carrying voting
rights, were present at the general meeting. Of which:
(1) A total of 13 shareholders and
shareholders' proxies, representing 271,552,955 shares or 29.3444%
of the total number of shares of the Company carrying voting
rights, were present at the on-site meeting.
(2) A total of 508 shareholders,
representing 7,359,587 shares or 0.7953% of the total number of
shares of the Company carrying voting rights, were present at the
meeting through online voting.
(3) A total of 509 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
7,399,587 shares or 0.7996% 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 To Change the Registered Capital of the Company and
Amend the Articles of Association
Voting result: 276,785,368 shares in
favour, accounting for 99.2373% of the total number of valid voting
shares held by shareholders attending the meeting; 1,900,949 shares
against, accounting for 0.6816% of the total number of valid voting
shares held by shareholders attending the meeting; 226,225 shares
abstained (among which 0 shares are abstained by default due to
non-voting), accounting for 0.0811% of the total number of valid
voting shares held by shareholders attending the
meeting.
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, Qiao
Xinru
3.
Conclusive opinion: The procedures for convening and
holding the Third Extraordinary General
Meeting, 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; and the
voting results of the general meeting are lawful and
valid.
Ⅳ.
DOCUMENTS FOR INSPECTION
1. Resolution
of the Third Extraordinary General Meeting
in 2024;
2. Legal opinion issued by
AllBright Law Offices.
The
Board of Directors
Zhejiang
Yongtai Technology Co., Ltd.
13
September 2024