Lianshi Aviation Holds Board of Directors Meeting to Review 14 Proposals

Stone Aviation Technology Co., Ltd. held the 27th meeting of the 11th Board of Directors in the company’s conference room on March 18, 2026. The meeting notice was sent via email on March 8. There were 9 directors present out of 9, along with senior management and other attendees. The meeting was chaired by Chairman Xiong Huiran and was conducted in accordance with relevant laws, regulations, rules, and the company’s articles of incorporation.

The meeting approved 14 proposals through voting, with the following results: The Board’s 2025 annual work report was approved with 9 votes in favor, 0 against, and 0 abstentions; the 2025 financial final accounts report was approved with 9 votes in favor, 0 against, and 0 abstentions.

Regarding the 2025 profit distribution plan, audited by ShineWing Zhonghe Certified Public Accountants (Special General Partnership), the company’s consolidated net profit attributable to shareholders of the listed company for 2025 was -518,017,174.90 yuan. Adding the undistributed profit at the beginning of the year of -3,573,238,868.84 yuan results in an ending undistributed profit of -4,091,256,043.74 yuan. The parent company achieved a net profit of -479,523,580.37 yuan, with beginning undistributed profit of -3,233,056,099.16 yuan, ending at -3,712,579,679.53 yuan. Given that the ending undistributed profits are negative, the Board proposed no profit distribution for 2025. This proposal complies with relevant distribution policies. The voting results were 9 in favor, 0 against, and 0 abstentions. The announcement was published on CNINFO.

The meeting also approved the 2025 internal control self-assessment report and the proposal for impairment of goodwill, with both passing unanimously with 9 votes in favor, 0 against, and 0 abstentions. Relevant documents are available on CNINFO. Regarding the remuneration for directors and senior management for 2025, Directors Zhao Weijun, Tu Yuan, and Zhai Hongmei recused themselves from voting on their own compensation. The voting results for this part were 8 in favor, 0 against, and 0 abstentions. The remuneration for other personnel was approved with 9 votes in favor. The proposal does not include independent director compensation, which will be submitted for shareholder approval.

Additionally, the meeting approved the 2025 annual report and summary, the proposal regarding uncovered losses exceeding one-third of paid-in capital, the clarification that issues related to the 2024 non-standard audit opinions have been resolved, the application to revoke other risk warnings on the company’s stock trading, the independent directors’ independence assessment, the 2026 investor relations management plan, the 2025 auditor performance evaluation report, and the Board’s Audit Committee supervision report. All these proposals were approved with 9 votes in favor, 0 against, and 0 abstentions. Announcements and related documents are published on CNINFO.

Among these, the 2025 annual work report, the 2025 profit distribution plan, the directors’ and senior management’s remuneration proposals, and the proposal regarding uncovered losses are subject to approval at the company’s 2025 annual general meeting, with the meeting date to be announced separately. The documents for this meeting are the resolutions of the 27th meeting of the 11th Board of Directors.