DRINDA (Hainan Drinda New Energy Technology Co., Ltd.) released its 2025 Board report and AGM agenda, revealing a sharp downturn in earnings and several capital-related proposals to be voted on 27 May 2026 in Suzhou.

Financial Performance • Revenue fell 23.36% year-on-year to RMB7.63 billion. • Net loss attributable to shareholders widened 139.51% to RMB1.42 billion. • Consolidated undistributed losses reached RMB702.13 million, exceeding one-third of the paid-in share capital (RMB292.58 million), triggering a statutory disclosure.

Dividend and Capital Management • Management proposes no cash dividend, bonus share or capital reserve conversion for 2025 due to negative distributable profit. • A three-year shareholder-return plan (2026-2028) commits to distributing at least 10% of future distributable profits in cash annually, subject to profitability and capital needs.

Share Issuance Mandate • The Board seeks a special resolution authorising issuance of up to 61.91 million H shares—20% of total issued shares (excluding treasury stock)—during the mandate period.

Governance & Risk Measures • Directors and senior executives’ liability insurance: coverage cap RMB150 million, annual premium budget up to RMB0.70 million. • New remuneration framework and 2026 pay plan for directors and senior management await shareholder approval.

Audit Changes • Zhonghui will remain domestic auditor; Zhonghui Anda is nominated to replace Deloitte as overseas auditor for 2026. Estimated overseas audit fee: roughly RMB1 million.

Key Dates • H-share register closes 22–27 May 2026. • AGM convenes at 14:30 on 27 May 2026, GCL Plaza, Suzhou Industrial Park.

If approved, the resolutions will shape DRINDA’s financing flexibility, governance safeguards and future profit-distribution policy amid efforts to recover from 2025’s significant loss.