Xingxing Technology's Extraordinary Shareholders' Meeting Approves the Sale of 100% Equity of Its Wholly-Owned Subsidiary, with a Approval Rate of 99.62%

Jiangxi Xingxing Technology Co., Ltd. (Stock Code: 300256, Stock Abbreviation: Xingxing Technology) held its second extraordinary general meeting of shareholders in 2026 on April 7. The on-site meeting was held at 2:30 PM on the same day in the conference room on the second floor of No. 3505 Jinan Avenue, Sanjia Street, Taizhou Bay New Area, Taizhou City, Zhejiang Province, with online voting conducted simultaneously. The trading system voting times were 9:15-9:25, 9:30-11:30, and 13:00-15:00; the internet voting system was available from 9:15 to 15:00. The meeting was convened by the company’s board of directors, chaired by Chairman Ying Guangjie, and the procedures for convening and holding the meeting complied with relevant laws, regulations, and the company’s articles of association.

This meeting adopted a combination of on-site voting and online voting. A total of 704 shareholders attended, representing 1,047,202,923 shares, accounting for 46.1650% of the company’s total voting shares. Among them, 1 shareholder voted on-site, representing 600,000,000 shares; 703 shareholders voted online, representing 447,202,923 shares. There were 702 small and medium investors present, holding 18,864,053 shares, accounting for 0.8316% of the company’s total voting shares. Company directors, senior management, and witnessing lawyers attended and participated in the meeting either on-site or via video.

The meeting approved the proposal titled “Approval for the Sale of 100% Equity of the Wholly-Owned Subsidiary,” with the specific voting results as follows:

According to the voting results, the company’s wholly-owned subsidiary Xingxing Precision Technology (Shenzhen) Co., Ltd. will transfer its 100% equity in Shenzhen Jate Zhiyan Technology Co., Ltd. to Planet Beast (Shenzhen) Investment Co., Ltd. for RMB 115 million.

Xu Zhixiang and Mei Yan, lawyers from Shanghai Jinghe Law Firm, witnessed this meeting and issued legal opinions, stating that the procedures for convening and holding the meeting, the qualifications of the convener and attendees, as well as the voting procedures and results, are all lawful and valid.

The files for record include the resolution of the company’s 2026 second extraordinary general meeting of shareholders and the legal opinion issued by Shanghai Jinghe Law Firm.

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Editor: Xiaolang Kuaibao