On 23 July 2026, Chongqing Machinery & Electric Co., Ltd. (Chongqing M&E) announced that all proposals at its Extraordinary General Meeting (EGM) were carried on a poll basis with 100% approval rates.

The meeting covered two key items:

1. Discloseable and connected transaction – Capital Increase Agreement • Parent company Chongqing Machinery and Electronic Holding (Group) Co., Ltd. will inject RMB270.00 million into Chongqing Chengfei New Materials Co., Ltd. • Of this amount, RMB226.34 million will be recognised as new registered capital and RMB43.66 million as capital reserve. • Other shareholders—Chongqing M&E, Chongqing General Industry (Group) Co., Ltd. and Xizang Xuhuo Venture Capital Partnership (Limited Partnership)—waived their pre-emptive rights. • Voting result: 354.96 million shares (100%) in favour; 0 against. Major shareholders Chongqing Machinery and Electronic Holding (Group) Co., Ltd. and Chongqing Yufu Holding Group Co., Ltd. abstained from voting as required by listing rules.

2. Amendments to the Articles of Association • Voting result: 2.74 billion shares (100%) in favour; 0 against.

Additional details:

• Total share capital at the EGM date stood at 3.68 billion shares, comprising 2.58 billion domestic shares and 1.10 billion H-shares. • Computershare Hong Kong Investor Services Limited acted as vote scrutineer. • All directors attended the meeting in person or via video conference.

With the resolutions now effective, Chongqing M&E is authorised to proceed with all ancillary actions required to implement the capital injection and to update its Articles of Association accordingly.