YTT Zhejiang Yong.

TIDMYTT

RNS Number : 9903T

Zhejiang Yongtai Technology Co Ltd

20 November 2023

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of China with limited liability)

Notice of the Second Extraordinary General Meeting in 2023

NOTICE IS HEREBY GIVEN that the second extraordinary general meeting of Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") in 2023 will be held at the conference room on the second floor of the Company's office building, No. 1 Donghai Fourth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province, China, on Monday, 11 December 2023 at 15:00 (Beijing Time), for the purpose of considering, and if thought fit, passing the following resolution.

Ordinary Resolution

1. To consider the Resolution on By-election of an Independent Director for the Sixth Session of the Board of Directors

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

20 November 2023

Ordinary Resolution

Resolution 1: To consider the Resolution on By-election of an Independent Director for the Sixth Session of the Board of Directors

To all Shareholders and Shareholders' proxies,

The board of directors of Zhejiang Yongtai Technology Co., Ltd. recently received the written resignation from Mr. Xu Yongbin , an independent director of the Company. In view of the Measures for Administration of Independent Directors of Listed Companies promulgated by the China Securities Regulatory Commission, which stipulates that "in principle, the number of domestic listed companies in which an independent director serves as an independent director shall not exceed three", and the fact that Mr. Xu Yongbin serves as an independent director in more than three listed companies in China, he has applied for resignation as an independent director, the convenor of the Audit Committee, member of the Nomination Committee, member of the Remuneration and Assessment Committee and member of the Strategy Committee of the sixth session of the board of directors of the Company. Mr. Xu Yongbin will cease to hold any position in the Company upon his resignation. As at the date of this announcement, Mr. Xu Yongbin does not hold any shares in the Company and has no outstanding commitments that he should fulfil but has not.

The resignation of Mr. Xu Yongbin will result in the number of independent directors of the Company being less than one-third of the members of its board of directors . In accordance with the Measures for Administration of Independent Directors of Listed Companies, the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, the Articles of Association of the Company and other relevant provisions, Mr. Xu Yongbin's resignation will take effect from the date of the election of a new independent director at the general meeting of the shareholders. Until a new independent director is elected at the general meeting of the shareholders, Mr. Xu Yongbin will continue to fulfil the duties of an independent director and the specialized committees of the board of directors in accordance with the relevant regulations. The board of directors has nominated Ms. Zheng Feng (biography details attached below) as the candidate of an independent director of the Company, for a term of office from the date of approval at the general meeting of the Company to the conclusion of the current session of the board of directors of the Company.

The proposal has been reviewed and approved at the 10th meeting of the sixth session of the board of directors of the Company, and is hereby submitted to the Shareholders for their consideration.

Attached: Biographical details of Ms. Zheng Feng, the independent director candidate

Ms. Zheng Feng, of Chinese nationality, without permanent residency in any foreign country and born in July 1966, holds a Bachelor's degree. From August 1987 to January 2003, she served as a clerk and deputy manager of the management department of Zhejiang Taizhou Branch, China National Foreign Trade Transportation Corporation ( ); from February 2003 to January 2011, as a lawyer and partner in Zhejiang Liqun Law Firm ( ). From March 2011 until the present, she has been serving as a senior partner in Zhejiang Duolian Law Firm ( ).

Ms. Zheng Feng has obtained the qualification certificate for independent director recognised by the China Securities Regulatory Commission and is currently also an independent director of Zhejiang YGM Technology Co., Ltd.( ).

As of the date of this announcement, Ms. Zheng Feng does not hold any shares in the Company. She has no connected relationship with the Company, its controlling shareholder and actual controller, other shareholders holding more than 5% of the shares and their actual controllers, directors, supervisors, or senior management. She has not been subject to any penalties imposed by the China Securities Regulatory Commission and other relevant authorities, or disciplinary sanctions by any stock exchange, has not been investigated by judicial authorities for suspected commission of offences and has not been investigated by the China Securities Regulatory Commission for suspected violation of laws and regulations pending categorical conclusions, nor a dishonest person subject to enforcement, and is in compliance with the job qualifications and requirement as required under the Company Law, the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, the No. 1 Guidelines for Self-discipline Supervision of Companies Listed on the Shenzhen Stock Exchange - Standard Operation of Companies Listed on the Main Board, and other relevant laws and regulations, as well as the Articles of Association of the Company.

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