Wuxi Lead (0470) Announces EGM Approval for RMB16.50 Million Proceeds Allocation

Bulletin Express02-13

Wuxi Lead Intelligent Equipment Co., Ltd. conducted an extraordinary general meeting (EGM) on February 13, 2026, to address the remaining proceeds of approximately RMB16.50 million from its 2019 and 2020 A share fundraising. The meeting approved allocating these unused funds to permanently supplement the company’s working capital.

A total of 1.57 billion A shares were in issue as of the record date, with 11.15 million treasury A shares excluded from voting. Attendance included 1,892 A shareholders and proxies, representing 571.03 million voting A shares, equivalent to 36.72% of all A shares with voting rights.

The resolution passed with 569.72 million votes in favor (99.77%), 1.13 million against (0.20%), and 0.19 million abstaining (0.03%). As it surpassed the required majority, the resolution was duly approved as an ordinary resolution.

AllBright Law Offices, the PRC legal advisor, confirmed that the convening, procedures, and voting process of the EGM complied with relevant legal and regulatory requirements, rendering the meeting outcomes valid.

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