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16th Generalshareholders’meeting

On April18, the 16th General shareholders’ meeting of YZJ was held via video and theagenda was successfully completed. At the meeting, Chairman Ren Letian reviewedthe main performance of the Group in 2021 and answered the questions raised byshareholders. The shareholders also voted on nine resolutions of the company,including the 2021 dividend.

According to Chairman Ren, the COVID-19 resurgence in 2021 and the stagnation of globaleconomic and industrial development have put the company's development to anunprecedented test, but at the same time, new development opportunities arebrewing. In the turbulent market, YZJ is committed to the development of greenship construction business with undaunted resilience and strong adaptability, andincrease the application of carbon reduction technology to promote thedevelopment of low-carbon Green Circle. At the same time, YZJ concluded 2021with outstanding operational and financial performance and a record ship orderbook and started a new chapter of vigorous growth in 2022. With its outstanding operational and financial performance, arecord-breaking number of ship orders, the group drew a successful end to 2021and opened a new chapter of booming growth in 2022. 

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Extraordinary ShareholdersMeeting

On April18, YZJ also held the extraordinary shareholders meeting to vote on the plannedlisting of Yangzijiang Financial Holding Ltd. At the meeting, honorary chairmanRen Yuanlin, on behalf of the directors and management of YZJ, expressed hissincere welcome and gratitude to all the shareholders who have been caring andsupporting the development of YZJ.

Ren said that for years, it has beencommitted to maximizing shareholder value, with stable dividends andsustainable return on investment.In order to achieve this goal, the Groupevaluated various potential opportunities and possibilities in all aspects, andfinally decided to split the investment business into a separate entity, namedYangzijiang Financial Holding Ltd., and applied for and obtained approval fromthe Singapore Stock Exchange to list on the main board. The spin-off willenable YZJ to reposition its business scope, focus on upgrading the shipmanufacturing process, introduce cutting-edge construction technology, andachieve green and sustainable development. We firmly believe that this spin-offwill help our shipbuilding business to be at the forefront of the world, and wewill reward our shareholders with better returns The Yangtze shipbuilding industry will bedivided into two parts: one is the Yangtze shipbuilding industry, the other isthe Yangtze River shipbuilding industry. We firmlybelieve that this spin-off will help our shipbuilding business to be at theforefront of the world, and we will reward our shareholders with better returns. Thesplit company is scheduled to list on April 28, 2022.