Annual General Meeting of Shareholders to be Held by Shandong Kingride in 2023

In the conference room on the third level of the company's headquarters Shandong Goldrun hosted the 2023 Annual General Meeting of Shareholders in the afternoon of June 8th. The meeting was attended by members of the company's top management representatives from the shareholders solicitors from the Shandong Kangqiao (Beijing) Law Firm and the Board of Directors.

To ensure that the voting process was fair transparent and impartial it was suggested that Sun Zhaorong and Wang Jing serve as tellers of the meeting and Han Fei as scrutineer following the election of representatives.

Afterwards the Company's performance for the year 2023 was reported to the shareholders by Li Jiaquan Chairman of the Board of Directors. Despite a sluggish recovery pattern he noted that the world economy remained resilient in 2023. The Company has maintained a steady growth trend and increased brand recognition in the face of fierce market competition by constantly refining its product structure penetrating new markets tightening its control over costs and enhancing the quality of its operations. Throughout the year the Company's Board of Directors worked assiduously to implement the key work plan. As a result the Company's management system and organisational structure were further improved and the quality and level of management were effectively upgraded.

In 2024 the company will keep solidly on improving technology innovating products expanding market channels managing supply chains etc. and continue to consolidate the basic industry. This will help the enterprise achieve sustainable development.

Following that the 2023 annual financial report and other related motions were also examined and approved during the meeting. Legal counsel from Shandong Kangqiao (Beijing) Law Firm observed the shareholders' meeting and rendered a legally binding opinion stating that the following: the meeting's calling procedures the meeting's convenor's and attendees' qualifications the meeting's voting procedures and the meeting's results were in conformity with the Company Law the Rules for Shareholders' Meetings and other statutes and regulations as well as the Company's Articles of Association and that the outcome of the vote was legitimate and enforceable.

The participating shareholders have shown their faith in the company's future and have pledged their continued support for its operations and efforts to ensure the company's long-term viability.