[Temporary Announcement] Sands Burning: Announcement of Resolutions of the Ninth Meeting of the Fourth Board of Directors
Announcement number: 2026-027
Securities code: 870389 Securities abbreviation: Sands Burning Sponsored securities firm: Dongguan Securities
Tangshan Jinsha Combustion Thermal Energy Co., Ltd.
Announcement of Resolutions of the Ninth Meeting of the Fourth Board of Directors
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
1. Meeting convening and attendance
(1) Meeting status
Meeting time: September 7, 2026
Meeting method: √ On-site meeting □ Electronic communication meeting
Meeting place: company conference room
Time and method of issuing board meeting notice: in writing on August 20, 2026 5. Meeting host: Ma Zongyu
Personnel attending the meeting: all supervisors and senior managers
Explanation on the legality and compliance of the convening situation:
The meeting was held in compliance with the relevant provisions on the convening of the board of directors in the Company Law and the Articles of Association.
(2) Meeting attendance
The meeting should be attended by 7 directors, and 7 directors should be present and authorized to attend.
2. Proposal review status
(1) Consideration and approval of the “Proposal on Cancellation of Wholly-Owned Subsidiaries”
- Contents of the motion:
According to the needs of the company's business development and in order to optimize the business structure and governance structure, the company decided to cancel its wholly-owned subsidiary Tangshan Jinsha Combustion Automation Technology Co., Ltd. Wholly owned subsidiary Tangshan Jinsha Combustion Automation Technology
Announcement number: 2026-027
After the company is deregistered, it will no longer be included in the scope of the company's consolidated financial reports, which will help the company optimize resource allocation and improve management efficiency, and will not have an adverse impact on the company's overall business development and profitability.
- Avoidance of voting:
None
Voting results for the motion: 7 votes in favor; 0 votes against; 0 abstentions.
Submit the voting status of the shareholders’ meeting:
This proposal does not need to be submitted to the shareholders' meeting for review.
(2) Consideration and approval of the “Proposal on Adding Routine Related Transactions Estimated in 2026”
- Contents of the motion:
The company held the fourth meeting of the fourth board of directors on December 24, 2025 to review the "Proposal on the Estimated Routine Related Transactions in 2026", and on December 25, 2025, it disclosed the "Announcement on the Estimated Routine Related Transactions in 2026" (2025-029) on the designated information disclosure platform of the National Equities Exchange and Quotations (www.neeq.cn). The first extraordinary shareholders' meeting of the year reviewed and approved the above proposal.
The company held the seventh meeting of the fourth session of the Board of Directors on April 22, 2026 to review the "Proposal on Newly Expected Daily Related Transactions in 2026" and disclosed the "Proposal on Newly Expected Daily Related Transactions in 2026" on April 24, 2026 on the designated information disclosure platform of the National Equities Exchange and Quotations (www.neeq.cn). "Announcement on Routine Related Transactions in 2026" (2026-018), the newly added wholly-owned subsidiary Qinhuangdao Beite Chemical Technology Co., Ltd. is expected to sell chemical products, packaging, inspection instruments, equipment, provide labor services, technical services, etc. to Tangshan Jijin Tuocheng International Trade Co., Ltd., with an amount not exceeding 2 million yuan.
In addition to the previously disclosed related-party transactions expected in 2026, it is newly expected that the company will sell fixed assets, etc. to the related party Tangshan Jinsha Industry and Trade Co., Ltd., with the amount not exceeding 4 million yuan.
- Avoidance of voting:
The company's director and actual controller Ma Zongyu holds 51% of the equity of Jinsha Industry and Trade, and serves as a supervisor of Jinsha Industry and Trade. He holds 48.5% of the equity of Jijin Tuocheng and is an associated director; director Ma Qiang is an associated natural person and has an associated relationship with the actual controller. Therefore, Ma Zongyu and Ma Qiang abstained from voting on this motion.
Voting results for the motion: 5 votes in favor; 0 votes against; 0 abstentions.
Submit the voting status of the shareholders’ meeting:
This proposal still needs to be submitted to the shareholders' meeting for review.
Announcement number: 2026-027
(3) Consideration and approval of the “Proposal on Convening the Third Extraordinary Shareholders’ Meeting in 2026”
- Contents of the motion:
The company plans to hold the third extraordinary shareholders' meeting of 2026 on September 28, 2026 to review the above proposal. 2. Avoidance of voting:
None
Voting results for the motion: 7 votes in favor; 0 votes against; 0 abstentions.
Submit the voting status of the shareholders’ meeting:
This proposal does not need to be submitted to the shareholders' meeting for review.
3. Documents for reference
"Resolution of the Ninth Meeting of the Fourth Board of Directors of Tangshan Jinsha Combustion Thermal Energy Co., Ltd."
Board of Directors of Tangshan Jinsha Combustion Thermal Energy Co., Ltd.
September 8, 2026