2024 Fourth meeting of the First Board of Directors

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2023 Annual General Meeting

2024.05.20-05.21

Recently, Sinoway Holdings Limited successfully held a quarterly board meeting in Weifang plant, marking a solid step on the road to recovery after the epidemic.This meeting is not only a comprehensive summary of the past year's work, but also an in-depth planning and deployment of future development strategies.

The meeting, held on May 20-21, 2024, brought together the core members of the company's senior management, two directors from Dubail Holding three independent directors,and supervisors.The participants reviewed the development course of the company in the past year, and carried out heated discussions and in-depth planning for future development.

1. Field visit: dust-free operation and forest factory construction were praised

In the first stage of the conference, the participants visited the production base of the Weifang Company.The remarkable results of dust-free operation and forest plant construction were highly appreciated by the directors.Weifang Company invested a large amount of resources to comprehensively control the dust emission in the production process, successfully realized dust-free production, and effectively improved the comfort of the production environment and ensured the health protection of employees.At the same time, the company also actively promotes the concept of green factory, improves the air quality of the plant by increasing the green area, and creates a more comfortable working environment for employees.

Second, meeting discussion: business strategy adjustment and future development planning

In the second stage of the meeting, the participants had an in-depth discussion on the company's business strategy adjustment and future development planning.In order to ensure the smooth progress of the company's various businesses, the Board of Directors decided to strengthen the KPI assessment, clarify the performance indicators of each department, and stimulate the enthusiasm and creativity of all employees.At the same time, in the current complex and changing economic environment, the Board of Directors stressed the need to ensure the safety and stability of the company's cash, strengthen cash flow management, optimize the fund structure, and reduce financial risks.

In addition, the meeting also put forward a number of proposals on the company's strategic planning, business expansion, technological innovation and other aspects.After heated discussion and deliberation, 12 proposals were finally passed.The adoption of these proposals has pointed out the direction for the company's future development and laid a solid foundation for the company to achieve sustainable development.

Third, look to the future: strengthen internal communication and collaboration, and seek green development

The holding of this meeting not only enhanced the cohesion and centripetal force within the company, but also injected new vitality into the future development of the company.The participants said that they would take this meeting as an opportunity to further strengthen internal communication and collaboration, continuously improve their business capabilities and management level, and contribute more to the development of the company.At the same time, the company will continue to uphold the concept of green development, actively explore new business models and technology applications, and make unremitting efforts to achieve sustainable development.

The successful meeting of the Board of Directors of Sinoway Holding Limitedmarks a solid step in the new development stage of the company.In the future, the company will continue to uphold the concept of green development, strengthen internal communication and collaboration, constantly improve its competitiveness, and contribute more to the realization of sustainable development.