April 19, 2025 — The Inaugural Meeting of the Board Financial Audit Committee and the Sixth Board Meeting of Sinoway Holdings Limited were successfully held in Beijing. The meetings comprehensively reviewed the company’s recent operational achievements, deliberated on several key proposals, and conducted in-depth discussions on the development strategy for the next phase. Chairman Liu Tao, board members, financial audit committee members, and senior executives attended the meetings.

Meeting Focus: Reviewing Achievements and Planning for the Future
At the outset, the Board heard a report on the implementation of resolutions from the Fifth Board Meeting, fully commending the management’s efficient execution in carrying out the Board’s decisions. Chairman Liu Tao provided an overview of the company’s overall development progress and future investment plans, emphasizing Sinoway Holdings’ commitment to green and low-carbon development, continuous optimization of industrial structure, and enhancement of core competitiveness.

The Chairman of the Financial Audit Committee delivered a professional analysis of the company’s operations from financial and auditing perspectives, offering key insights for the Board’s decision-making. The deputy general manager team presented a comprehensive report on the company’s Q1 2025 performance across multiple dimensions, including production operations, market expansion, forestry business, and IPO progress, demonstrating steady growth amid a complex market environment.

Efficient Decision-Making: All 16 Proposals Approved
The Board reviewed 16 proposals covering strategic planning, financial management, and business expansion, all of which were unanimously approved after thorough discussions, reflecting the Board’s strong consensus and effective decision-making. The implementation of these proposals will further enhance corporate governance and drive high-quality development.

Looking Ahead: Staying Focused and Striving Forward
The meetings set a clear direction for the company’s next phase of growth and laid a solid foundation. Sinoway will continue upholding the principles of innovation, collaboration, and sustainability, tackling future challenges with even greater determination.

Sinoway Holdings Limited
April 19, 2025