Huali Co., Ltd. (603038) Aprobación en la primera reunión extraordinaria de accionistas de 2026 de la propuesta de autorización para el límite de negociación de futuros

Beijing, March 26, 2026 — Dongguan Huali Industrial Co., Ltd. (Stock code: 603038, Stock abbreviation: Huali Co., Ltd.) announced today the resolution of the first extraordinary general meeting of 2026. The meeting reviewed and approved the “Proposal on the Authorization of Futures Trading Quota.” The meeting was convened by the company’s board of directors, combining on-site voting and online voting. Shareholders and proxy representatives holding 42.71% of the voting shares attended, and the proposal was approved with a high approval rate of 99.63%.

Basic information of the meeting

The extraordinary general meeting was held on March 25, 2026, at the conference room on the 9th floor of Hui Fu Center, No. 13 Tonglu Road, Songshan Lake Science and Technology Industrial Park, Dongguan City, Guangdong Province. The meeting was chaired by Mr. Tan Xujie, Vice Chairman. The company’s directors, senior management personnel, and the appointed witness lawyers attended or participated in the meeting. The convening and voting procedures of the meeting complied with the “Company Law” and the “Articles of Association.”

The shareholders attending the meeting and their shareholding status are as follows:

Note: Due to the fact that Mr. Tan Hongru and his spouse Ms. Xie Shaozhuang signed the “Waiver of Voting Rights Agreement” with Anhui Hongdian Capital Management Partnership (Limited Partnership), which has taken effect, their combined holdings are not included in the total number of shares with voting rights this time.

Voting results of the proposal

The “Proposal on the Authorization of Futures Trading Quota” reviewed at this meeting is a general resolution matter, which requires the approval of more than half of the valid voting rights held by shareholders present. The final voting results show that the proposal was passed overwhelmingly:

Voting situation of the proposal:

Among them, the voting situation of shareholders holding less than 5% of shares is: 23,502,542 shares in favor (98.4586%), 216,750 shares against (0.9080%), and 151,200 shares abstained (0.6334%).

Legal witness opinion

Lawyers Song Bing and Song Zhaoxu from Beijing Guofeng Law Firm provided witness and legal opinion on this shareholders’ meeting, stating that: The convening and procedures of this meeting comply with laws, administrative regulations, and the Articles of Association. The qualifications of attendees and voting procedures and results are legal and valid.

The approval of this proposal means that Huali Co., Ltd. has obtained the futures trading quota authorization. The company may use futures instruments to hedge against raw material price fluctuations and optimize operational strategies. Further specific operational details are to be disclosed by the company.

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