Group 1 - The third extraordinary general meeting of shareholders for Shandong Swan Cotton Machinery Co., Ltd. was held on November 14, 2025, at the company's meeting room in Jinan, Shandong Province [2][3] - The meeting was legally convened and presided over by the chairman, Mr. Wang Xinting, with a combination of on-site and online voting methods [2][3] - All nine current directors and the board secretary attended the meeting, confirming full participation [3] Group 2 - The only resolution discussed was the reappointment of the accounting firm, which was approved by a majority of the voting rights held by the shareholders present [3] - The meeting was witnessed by Beijing Guofeng Law Firm, and the lawyers confirmed that the meeting's procedures complied with legal and regulatory requirements [4][5]

Core Viewpoint - The legal opinion letter confirms the legality and validity of the procedures, qualifications, and voting results of the 2025 first extraordinary general meeting of Shandong Swan Cotton Machinery Co., Ltd. [1][5] Meeting Procedures - The meeting was convened by the company's board of directors and publicly announced on August 16, 2025, detailing the time, location, and agenda [2][3] - The meeting was held on September 1, 2025, combining on-site and online voting methods, with specific time slots for online voting [3][4] Qualifications of Participants - The meeting was attended by 109 shareholders (or their agents), representing 71,285,496 shares, which is 58.7475% of the total voting shares [4] - The qualifications of the attendees, including directors, supervisors, and legal representatives, were verified and deemed valid [4] Voting Procedures and Results - All agenda items listed in the meeting notice were reviewed and voted on, with the proposal to provide guarantees for cotton picker customers passing with significant support [5] - The voting results showed that 71,191,536 shares approved the proposal, while 90,060 shares opposed it, and 3,900 shares abstained [5] Conclusion - The legal opinion concludes that the meeting's procedures, participant qualifications, and voting results comply with relevant laws and regulations, confirming their legality and validity [5]