Huali Co., Ltd. (603038) 2026 First Extraordinary Shareholders' Meeting Resolution Approving the Futures Trading Limit Authorization Proposal

Beijing, March 26, 2026 — Dongguan Huali Industrial Co., Ltd. (Stock Code: 603038, Stock Abbreviation: Huali Co., Ltd.) today announced the resolution of the first extraordinary general meeting of 2026. The meeting reviewed and approved the “Proposal on Authorization for Futures Trading Quota.” The meeting was convened by the company’s board of directors, combining on-site voting and online voting. Shareholders and proxy representatives holding 42.71% of the voting shares attended, and the proposal was approved with a high approval rate of 99.63%.

Basic Information of the Meeting

This extraordinary general meeting was held on March 25, 2026, at the conference room on the 9th floor of Hui Fu Center, No. 13 Tonglu Road, Songshan Lake Science and Technology Industrial Park, Dongguan City, Guangdong Province. The meeting was chaired by Mr. Tan Xujie, Vice Chairman of the Board. The company’s directors, senior management personnel, and the appointed witness lawyers attended or participated in the meeting. The convening and voting procedures complied with the “Company Law” and the “Articles of Association.”

The shareholders attending the meeting and their shareholding status are as follows:

Note: Due to the effective “Vote Waiver Agreement” signed by shareholder Mr. Tan Hongru and his spouse Ms. Xie Shaozhuang with Anhui Hongdian Capital Management Partnership (Limited Partnership), their combined shares are not included in the total number of shares with voting rights this time.

Proposal Voting Results

The “Proposal on Authorization for Futures Trading Quota” reviewed at this meeting is a general resolution matter, requiring approval by more than half of the total valid voting rights of the shareholders present. The final voting results show that the proposal was approved overwhelmingly:

Voting details:

Among shareholders holding less than 5%, the voting was: 23,502,542 shares approved (98.4586%), 216,750 shares opposed (0.9080%), 151,200 shares abstained (0.6334%).

Legal Witness Opinions

Lawyers Song Bing and Song Zhaoxu from Beijing Guofeng Law Firm provided legal witness for this general meeting and issued a legal opinion letter, stating: The procedures for convening and holding this meeting comply with laws, administrative regulations, and the Articles of Association. The qualifications of attendees, voting procedures, and results are legal and valid.

The approval of this proposal indicates that Huali Co., Ltd. has obtained authorization for futures trading quotas. The company may use futures instruments to hedge against raw material price fluctuations and optimize operational strategies. Further specific operational details will be disclosed by the company in due course.

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