Pengding Holdings' Board of Directors approves the investment agreement for the Huai'an Economic and Technological Development Zone project

On March 18, Pengding Holdings (Shenzhen) Co., Ltd. (Stock Code: 002938, Stock Abbreviation: Pengding Holdings) announced the resolution of the 25th meeting of the third board of directors. The meeting approved the proposal regarding the company’s signing of a project investment agreement with Huai’an Economic and Technological Development Zone, marking an important step in the company’s strategic layout in the Huai’an region.

The announcement shows that the board meeting was held via teleconference on March 17, 2026. The meeting notice and materials were sent to all directors via email on March 13. There were 9 directors expected to attend, and all 9 attended. The meeting was chaired by Chairman Shen Qingfang, and the procedures complied with the relevant provisions of the Company Law and the Articles of Association.

During the review, the proposal for the company to sign a project investment agreement with Huai’an Economic and Technological Development Zone was approved unanimously, with 9 votes in favor, 0 against, and 0 abstentions. This proposal had previously been reviewed and approved by the company’s Strategy and Risk Management Committee.

The company stated that details of the investment agreement will be published separately in special announcements on Securities Times, Shanghai Securities News, and CNINFO (www.cninfo.com.cn). Investors are advised to follow subsequent disclosures for project details.

The signing of this investment agreement is an important strategic decision made by Pengding Holdings, expected to positively impact the company’s future business expansion and regional development. Market analysts point out that Huai’an Economic and Technological Development Zone has advantages in industrial policies and transportation location, and Pengding Holdings’ layout is likely to further improve its capacity network and enhance core competitiveness.

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