Zhejiang Shibao Co., Ltd. (stock code: 1057) announces that it will propose at the First Extraordinary General Meeting, the Class A General Meeting and the Class H General Meeting in 2024 to extend the validity period of the issuance of A share resolution to certain parties and the term of the authorization to process the matter. This move is a decision made taking into account the specific circumstances of the company after approval by the General Meeting on 31 March 2023. The extended validity period will be calculated for an additional 12 months from the date of the adoption of the relevant resolution at the 2024 General Meeting. The Company emphasises that the other terms relating to the issuance of A Shares to specific entities have...Show More

Zhejiang Shibao Co., Ltd. (stock code: 1057) announces that it will propose at the First Extraordinary General Meeting, the Class A General Meeting and the Class H General Meeting in 2024 to extend the validity period of the issuance of A share resolution to certain parties and the term of the authorization to process the matter. This move is a decision made taking into account the specific circumstances of the company after approval by the General Meeting on 31 March 2023. The extended validity period will be calculated for an additional 12 months from the date of the adoption of the relevant resolution at the 2024 General Meeting. The Company emphasises that the other terms relating to the issuance of A Shares to specific entities have not changed significantly and detailed circulars will be sent to shareholders in due course. THE COMPANY ALSO REMINDS POTENTIAL INVESTORS AND SHAREHOLDERS TO EXERCISE CAUTION WHEN BUYING AND SELLING THE COMPANY'S SECURITIES, AS THERE CAN BE NO ASSURANCE THAT THE PROPOSED ISSUE OF A SHARES WILL BE IMPLEMENTED OR DETERMINED WHEN IT WILL BE IMPLEMENTED.