Core Points - The company held its 23rd meeting of the 11th Board of Directors on November 24, 2025, where several resolutions were passed, including amendments to the company's articles of association and the independent director system [1][3][5] - The company plans to allocate a budget of 16.9171 million yuan for external donations in 2026, with the board authorizing management to make decisions within this budget [6] - The board approved the nomination of two candidates for director positions, which will be submitted for shareholder approval at the upcoming extraordinary general meeting [12][19] Group 1 - The company convened the 23rd meeting of the 11th Board of Directors on November 24, 2025, with all 7 directors present, and the meeting complied with relevant laws and regulations [1][2] - The board approved the amendment of the company's articles of association with unanimous support [1] - The board also approved the revision of the independent director system, which will be submitted for shareholder review [3][4] Group 2 - The board approved the establishment of a temporary management system for information disclosure, which will also be submitted for shareholder review [5] - The company plans to hold its first extraordinary general meeting of 2025 on December 10, 2025, to discuss the approved resolutions [10][21] - The meeting will allow for both on-site and online voting, with specific timeframes for each [24][37] Group 3 - The resignation of director Zhang Hongfei was accepted, and the board nominated Dong Baoyun and Wang Guoxin as candidates for the board, pending shareholder approval [12][19] - The candidates have relevant experience and meet the qualifications required by law and regulations [18][20] - The company will ensure that the number of directors who are also senior management does not exceed half of the total board members [14]

Meeting Overview - The first temporary shareholders' meeting of Henan Shenhuo Coal Power Co., Ltd. was held on August 14, 2025, at 15:00 [1][2] - The meeting combined on-site voting and online voting, with the online voting period from 9:15 to 15:00 on the same day [1][2] Attendance - A total of 984 shareholders and their representatives attended the meeting, holding or representing 1,283,687,725 shares, which is 57.4632% of the total voting shares [3] - Among them, 3 shareholders attended in person, representing 755,306,742 shares (33.8107%), while 981 participated via online voting, representing 528,380,983 shares (23.6525%) [3] - Small shareholders (excluding directors, supervisors, and senior management) accounted for 981 attendees, holding 528,380,983 shares (23.6525%) [3] Proposal Review and Voting Results - Three proposals were reviewed and voted on during the meeting: 1. Proposal to repurchase and cancel part of the restricted stock from the 2021 incentive plan and adjust the repurchase price. This proposal was passed with more than two-thirds approval from the voting shares [5] 2. Proposal to reduce registered capital and amend the company's articles of association. This proposal also received more than two-thirds approval from the voting shares [5] 3. Proposal for the 2025 external donation budget. This proposal was passed with more than half approval from the voting shares [6] Legal Opinion - The meeting's procedures and voting methods were confirmed to be in compliance with relevant laws and regulations by Henan Yatai Law Firm, ensuring the legality and validity of the meeting and its resolutions [7] Documentation - The resolutions from the shareholders' meeting and the legal opinion will be kept on record for reference [8]