On June 21, 2024, Hengyu Group held its annual shareholder meeting and completed the voting on all proposals. During the meeting, shareholders voted by shares on resolutions including reviewing the comprehensive financial statements, election and compensation of directors, appointment of auditors, etc. All resolutions received more than 50% of the affirmative votes, and therefore officially passed. Among them, Mr. Lin Zhiying was re-elected as an independent non-executive director with a support rate of 73.6944%, which was the lowest among all the resolutions. In addition, the resolutions authorizing the board of directors to issue additional shares and repurchase company shares received 73.6944% and 100% affirmative votes, respectively. The shareholder meeting was supervised by Bao Delong Securities Registration Co., Ltd. to ensure the fairness of the voting process.

On June 21, 2024, Hengyu Group held its annual shareholder meeting and completed the voting on all proposals. During the meeting, shareholders voted by shares on resolutions including reviewing the comprehensive financial statements, election and compensation of directors, appointment of auditors, etc. All resolutions received more than 50% of the affirmative votes, and therefore officially passed. Among them, Mr. Lin Zhiying was re-elected as an independent non-executive director with a support rate of 73.6944%, which was the lowest among all the resolutions. In addition, the resolutions authorizing the board of directors to issue additional shares and repurchase company shares received 73.6944% and 100% affirmative votes, respectively. The shareholder meeting was supervised by Bao Delong Securities Registration Co., Ltd. to ensure the fairness of the voting process.