Zhejiang Meida: terminate the execution of certain provisions of the shareholder agreement

Zhejiang Meida announcement, the company held the thirteenth meeting of the Fifth Board of Directors on July 31, 2025, and approved the proposal on signing a supplementary agreement on external investment matters. According to the proposal, the company agrees to sign a supplementary agreement on the shareholders' agreement of the target company with the target company and its shareholders and other relevant parties, terminating certain provisions of the shareholders' agreement related to specific shareholder special rights. The signing of this supplementary agreement is to support the shareholding reform of the target company and its future development and capital operation plans, in compliance with relevant laws, regulations, regulations of regulatory authorities, and stock exchanges. This action is in line with market practices in similar situations, in line with the company's purposes and interests in external investment, and will not have a significant adverse impact on the company's operating and financial conditions.