Friendly Group Board Approves Two Important Resolutions Involving Guanghui Real Estate Lease Contract Renewal and Interim Shareholder Meeting

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Friendly Group News Xinjiang Youhao (Group) Co., Ltd. (Stock Code: 600778, Stock Abbreviation: Youhao Group) announced the resolution of the 21st meeting of the 10th Board of Directors on March 20, 2026. The meeting was held through a combination of on-site and teleconference voting, and it approved unanimously the “Proposal on the company’s intention to renew the with Xinjiang Guanghui Real Estate Development Co., Ltd.” and the “Proposal to convene the company’s first extraordinary general meeting of 2026,” with the lease renewal matter to be submitted for approval at the extraordinary general meeting.

The announcement shows that the board meeting was held on March 19, 2026, with 9 directors eligible to vote, all 9 participating, including 5 voting on-site and 4 (Lü Weishun, Jiang Jinshuang, An Rupian, Ju Guichun) attending via teleconference due to official duties. The meeting was chaired by Chairman Li Hongsheng, with some senior management present.

The two proposals approved at the meeting are detailed as follows:

According to disclosures, the specific content of the lease renewal with Guanghui Real Estate has been detailed in the “Announcement on the company’s intention to renew the with Xinjiang Guanghui Real Estate Development Co., Ltd.” (Announcement No. 2026-004) issued on the same day. This proposal was reviewed by the Strategy Committee before being submitted to the board. Additionally, information about the timing, location, and agenda of the first extraordinary general meeting of 2026 will be further disclosed through the “Notice of Youhao Group on convening the first extraordinary general meeting of 2026” (Announcement No. 2026-005).

The procedures for convening this board meeting comply with the “Company Law,” the Articles of Association, and relevant laws and regulations, making the decision process legal and valid. Market analysis suggests that renewing the cooperation with Guanghui Real Estate will help stabilize the company’s operational space resources and ensure the continued development of its main business. Investors can obtain more details through the Shanghai Stock Exchange website (www.sse.com.cn) or the company’s designated information disclosure media.

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Editor: Xiao Lang Kuai Bao