Shannon Core Innovation's Extraordinary Shareholders' Meeting Approves Two Resolutions:
The Guarantee Authorization Proposal Receives a 98.10% Approval Rate
The Related Party Transaction Limit Adjustment Proposal Receives a 96.77% Approval Rate

On April 7th, Shannon Core Innovation Technology Co., Ltd. (Stock Code: 300475) held its first extraordinary general meeting of shareholders in 2026 through a combination of on-site voting and online voting. The on-site meeting was held at 2:50 PM at the company conference room on the 22nd floor, Building B, Aerospace Technology Plaza, No. 166 Haide Third Road, Nanshan District, Shenzhen. The online voting period was from 9:15 AM to 3:00 PM on the same day. The meeting was convened by the company’s Fifth Board of Directors, chaired by Chairman Huang Zewei, in accordance with relevant laws, regulations, and the company’s Articles of Association.

A total of 1,020 shareholders participated in the voting, representing 172,654,676 shares, accounting for 37.1392% of the company’s total voting shares. Among them, 10 shareholders voted on-site, representing 159,241,909 shares; 1,010 shareholders voted online, representing 13,412,767 shares. Directors, senior management, and hired lawyers attended the meeting.

The meeting approved two proposals, with specific voting results as follows:

2. “Proposal on Applying for Credit and Providing Guarantee Limits for Wholly-Owned Subsidiaries” (Special Resolution)

   • Agree: 169,376,175 shares, accounting for 98.1011% of valid votes present
   • Oppose: 3,222,360 shares, accounting for 1.8664% of valid votes present
   • Abstain: 56,141 shares, accounting for 0.0325% of valid votes present
     Voting by small and medium investors: 26,953,686 shares in favor (89.1556%), 3,222,360 shares against (10.6587%), 56,141 shares abstained (0.1857%). After this proposal was approved, the guarantee limit of 9.24 billion yuan (including counter-guarantees) approved at the company’s second extraordinary general meeting in 2025 was terminated early.

3. “Proposal on Adjusting the Asset Mortgage and Pledge Limits for Routine Related-Party Transactions in 2026” (Ordinary Resolution, Related Shareholders Abstain from Voting)

   • Agree: 150,838,804 shares, accounting for 96.7735% of valid votes present
   • Oppose: 3,354,701 shares, accounting for 2.1523% of valid votes present
   • Abstain: 1,674,351 shares, accounting for 1.0742% of valid votes present
     Voting by small and medium investors: 8,416,315 shares in favor (62.5964%), 3,354,701 shares against (24.9506%), 1,674,351 shares abstained (12.4530%). After the approval of this proposal, the asset mortgage and pledge limit involved in the company’s routine related-party transactions in 2026 was adjusted from 350 million USD (or equivalent foreign currency) to 450 million USD (or equivalent foreign currency).

Lawyer Wan Xiaoyu and Xia Jialin from Anhui Chengyi Law Firm witnessed the meeting and issued legal opinions, stating that the procedures for convening the meeting, the qualifications of attendees, voting procedures, and results all comply with legal requirements, and the resolutions are legal and valid.

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