Announcement of the Resolution of Jigao Development’s 2025 Annual Shareholders’ Meeting
Securities code: 600807 Securities abbreviation: Jigao Development Announcement number: Lin 2026-020 Jinan High-tech Development Co., Ltd.
Announcement of Resolutions of the 2025 Annual Shareholders Meeting
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the announcement content, and assume legal responsibility for the authenticity, accuracy and completeness of its content.
Important content reminder:
Is there any veto resolution at this meeting: None
1. Meeting convening and attendance
(1) Time of the shareholders’ meeting: June 17, 2026
(2) The location of the shareholders’ meeting: 7000 Jingshi East Road, Jinan Area, China (Shandong) Pilot Free Trade Zone
Conference Room 1123, Building A4-4, Haohanyu Financial Business Center
(3) Common shareholders attending the meeting and preference shareholders whose voting rights have been restored and their holdings:
Number of shareholders and proxies attending the meeting 249
Total number of voting shares held by shareholders attending the meeting (shares) 299,932,288
The number of voting shares held by shareholders attending the meeting accounts for the company’s voting shares.
Proportion of total number of copies (%) 34.4681
(4) Whether the voting method complies with the provisions of the "Company Law" and the "Articles of Association", the status of the meeting, etc.
This meeting was convened by the company's board of directors. Mr. Sun Yingcai, the company's chairman, presided over the meeting. The meeting adopted a voting method that combined on-site voting and online voting. The convening and voting methods of the meeting are in compliance with the provisions of the Company Law, the Stock Listing Rules of the Shanghai Stock Exchange and other laws and regulations, as well as the Articles of Association.
(5) Attendance of company directors and board secretary
The company has 9 current directors and 9 non-voting directors. All independent directors attended this shareholders’ meeting.
The secretary of the board of directors and senior managers attended or attended the meeting, and the lawyer hired by the company attended and witnessed the meeting.
this meeting.
2. Proposal review status
(1) Non-cumulative voting proposals
- Proposal Name: Proposal on Review of the 2025 Annual Board of Directors Report
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,220,813 97.4289 7,653,174 2.5516 58,301 0.0195
- Proposal Name: Proposal on Review of Annual Profit Distribution and Conversion of Provident Fund to Share Capital in 2025
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,167,113 97.4110 7,706,874 2.5695 58,301 0.0195
- Proposal Name: Proposal on Review of the 2025 Internal Control Evaluation Report
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,183,713 97.4165 7,690,274 2.5640 58,301 0.0195
- Proposal Name: Proposal on Review of the Company’s Provision for Asset Impairment in 2025
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,070,713 97.3788 7,786,275 2.5960 75,300 0.0252
- Proposal Name: Proposal on Review of the Company’s 2025 Annual Report and Summary
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,266,613 97.4441 7,607,374 2.5363 58,301 0.0196
- Proposal Name: Proposal on the Company’s Uncovered Losses Reaching One-third of the Total Paid-in Share Capital
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,214,913 97.4269 7,659,074 2.5536 58,301 0.0195
- Proposal Name: Proposal on Review of the Company’s Directors’ 2025 Remuneration and 2026 Remuneration Plan
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 290,940,513 97.0020 8,933,474 2.9784 58,301 0.0196
- Proposal Name: Proposal on Review of Financing and Guarantee Line Applications for the Company and its Holding Subsidiaries in 2026
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 281,157,911 93.7404 18,716,076 6.2401 58,301 0.0195
- Proposal Name: Proposal on Review of the Company and its Controlled Subsidiaries’ Plan to Apply for Loan Lines and Related Transactions from Controlling Shareholders and Related Parties in 2026
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportional number of votes Proportion (%) Number of votes Proportion (%) Number of votes
(%)
A shares 47,177,724 86.0761 7,526,574 13.7322 105,001 0.1917
- Proposal Name: Proposal on Review and Revision of the "Remuneration Management System for Directors and Senior Management Personnel"
Review result: Passed
Voting status:
Agree Disagree Abstain
Type of shareholder Proportion Proportional number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,106,513 97.3908 7,760,774 2.5875 65,001 0.0217
- Proposal Name: Proposal on the Review and Formulation of the “Shareholder Return Plan for the Next Three Years (2026-2028)”
Review result: Passed
Voting status:
Agree Disagree Abstain
Shareholders
Proportion Proportional type Number of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 291,797,667 97.2878 8,029,620 2.6771 105,001 0.0351
- Proposal Name: Regarding the consideration of the company’s request to the shareholders’ meeting to authorize the board of directors to handle the matter through simple procedures
Proposal to issue stocks to specific targets
Review result: Passed
Voting status:
Agree Objection Abstaining shareholder type Proportion Proportion of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 291,880,713 97.3155 7,776,574 2.5927 275,001 0.0918
- Proposal Name: Proposal on the consideration of the company’s provision of financial assistance and related-party transactions to joint-stock companies
Review result: Passed
Voting status:
Agree Objection Abstaining shareholder type Proportion Proportion of votes Proportion (%) Number of votes Number of votes
(%) (%)
A shares 292,233,313 97.4330 7,633,974 2.5452 65,001 0.0218
(2) Voting status of cumulative voting proposals
- Proposal on the election of non-independent directors of the 12th Board of Directors
Votes accounted for attendance
motion
Proposal name, number of votes, valid voting at the meeting, election number
Proportion of rights (%)
14.01 Elect Mr. Sun Yingcai as public official 286,010,342 95.3583 Yes
The twelfth session of the Board of Directors of the Company is
independent director
14.02 Election of Mr. Yang Yongbo as public officer 286,712,244 95.5923 This is the 12th session of the Board of Directors of the company.
independent director
14.03 Election of Mr. Zheng Yunguo as public officer 285,784,637 95.2830 This is the 12th session of the Board of Directors of the company.
independent director
14.04 Mr. Li Meng was elected as the company’s 285,848,141 95.3042 member of the twelfth session of the Board of Directors.
Established director
14.05 Election of Mr. Zhao Jianguo as public officer 285,762,936 95.2758 This is the 12th session of the Board of Directors of the company.
independent director
14.06 Election of Mr. Guo Jiming as public officer 285,880,643 95.3150 This is the 12th session of the Board of Directors of the company.
independent director
- Proposal on the election of independent directors of the 12th Board of Directors
Votes accounted for attendance
motion
Proposal name, number of votes, valid voting at the meeting, election number
Proportion of rights (%) 15.01 Elect Mr. Lou Hongxiang as the company’s 286,144,626 95.4030 independent member of the twelfth board of directors of the company
Established director
15.02 Mr. Guan Wei was elected as the company’s 285,913,221 95.3259 independent member of the twelfth board of directors.
director
15.03 Elect Mr. Zheng Wei as the company’s 285,762,981 95.2758 independent member of the twelfth board of directors
director
(3) Segmented voting on cash dividends
Shareholder segments Agree Objection Abstain
Situation Number of votes Proportion (%) Number of votes Proportion (%) Number of votes Proportion (%) Shareholding 5% or more
Ordinary shares 245,122,989 100.0000 0 0.0000 0 0.0000 shareholders
Shareholding 37,998,482 100.0000 0 0.0000 0 0.0000 1%-5% Common
general shareholders
Holding less than 1% of the shares
Common shares 9,045,642 53.8085 7,706,874 45.8447 58,301 0.3468 Shareholders
Among them: city
Worth more than 500,000
2,866,196 51.9617 2,591,474 46.9812 58,301 1.0571 common shares
shareholders
Market value 500,000
Ordinary above 6,179,446 54.7103 5,115,400 45.2897 0 0.0000 shareholders
(4) When it comes to major matters, the voting status of shareholders below 5%
- Non-cumulative voting proposals
Agree, object, abstain
Motion name
Sequence Number of votes Proportion (%) Number of votes Proportion (%) Number of votes Proportion (%) No.
2 Regarding the consideration of the annual profit distribution in 2025 and the proposal to convert the reserve fund into share capital 47,044,124 85.8324 7,706,874 14.0612 58,301 0.1064 6 Regarding the company’s unrecovered losses reaching the paid-in share capital 47,091,924 85.9196 7,659,074 13.9740 58,301 0.1064 One-third of the total bill
7 Regarding the review of the remuneration situation of the company’s directors in 2025
45,817,524 83.5944 8,933,474 16.2992 58,301 0.1064 Kuang He’s 2026 remuneration plan proposal
8 Proposal on reviewing the application for financing and guarantee lines by the company and its holding subsidiaries in 2026 36,034,922 65.7460 18,716,076 34.1476 58,301 0.1064
9 Regarding the review of public
Company and holding subsidiaries
Company 2026
intends to acquire holdings
47,177,724 86.0761 7,526,574 13.7323 105,001 0.1916Shareholders and related parties
Party applies for a loan
Quota and association
transaction proposal
12 Regarding the review of public
The company invites shareholders
will authorize directors
Will handle it with full authority
46,757,724 85.3098 7,776,574 14.1884 275,001 0.5018 through simple procedure
to a specific object
issuing shares
motion
13 Regarding the review of public
Sixiang joint-stock company
The company provides financial 47,110,324 85.9532 7,633,974 13.9282 65,001 0.1186 funding and related
transaction proposal
- Cumulative voting proposals
14.00 Proposal on the election of non-independent directors of the 12th Board of Directors
The number of votes obtained accounts for the order of attendance.
Proposal name, number of votes, valid vote at the meeting, whether the number was elected
Proportion of rights (%) 14.01 Elect Mr. Sun Yingcai as the company 40,887,353 74.5993 This is the 12th session of the Board of Directors of the company.
independent director
14.02 Elect Mr. Yang Yongbo as the company’s 12th Board of Directors 41,589,255 75.8799
independent director
14.03 Elect Mr. Zheng Yunguo as the company’s 12th Board of Directors 40,661,648 74.1875
independent director
14.04 Mr. Li Meng was elected as the company’s 40,725,152 74.3034 member of the twelfth session of the board of directors.
Established director
14.05 Elect Mr. Zhao Jianguo as official 40,639,947 74.1479 Yes
The twelfth session of the Board of Directors of the Company is
independent director
14.06 Mr. Guo Jiming was elected as the company’s 12th Board of Directors 40,757,654 74.3627
independent director
15.00 Proposal on the election of independent directors of the 12th Board of Directors
Votes accounted for attendance
Proceedings of the motion
Proposal name, number of votes, valid vote at the meeting, whether the number was elected
Proportion of rights (%) 15.01 Mr. Lou Hongxiang was elected as 41,021,637 74.8443 the twelfth director of the company
independent director
15.02 Mr. Guan Wei was elected as the company 40,790,232 74.4221 This is the twelfth session of the board of directors of the company
independent director
15.03 Elect Mr. Zheng Wei as the company’s twelfth board of directors 40,639,992 74.1480
independent director
(5) Explanation of relevant circumstances regarding voting on motions
- This general meeting of shareholders heard the 2025 performance report of the independent directors and the 2025 performance report of the senior management
salary situation and 2026 salary package.
Proposals 2, 6, 7, 8, 9, 12, 13, 14, and 15 have separate votes for small and medium investors.
Proposals 8 and 12 are special resolutions and have been passed by more than 2/3 of the total number of shares with valid voting rights;
Proposal 9 involves related transactions, and related shareholders Jinan High-tech City Construction and Development Co., Ltd. and persons acting in concert entered into
OK, avoid voting.
3. Lawyer’s testimony
(1) Law firm witnessing this shareholder meeting: Beijing Dacheng (Jinan) Law Firm
Lawyers: Li Rui, Zhao Ruixiang
(2) Lawyer’s concluding comments:
The convening and holding procedures of this shareholders' meeting comply with the provisions of laws, regulations, "Shareholders' Meeting Rules", "Company Articles of Association" and "Rules of Procedure"; the qualifications of those attending the meeting and the qualifications of the convener are legal and valid; the voting procedures and voting results of the meeting are legal and valid.
Announcement is hereby made.
Board of Directors of Jinan High-tech Development Co., Ltd.
June 18, 2026
● Online announcement documents
- A certified legal opinion signed by the director of the law firm and stamped with the official seal