Nongfu Spring approves dividend, elects directors at AGM

Nongfu Spring announced the poll results of its Annual General Meeting (AGM) held on Tuesday, revealing shareholder approval for all proposed resolutions. Key decisions included the approval of a final dividend of RMB0.76 per share for the year ended December 31, 2024, payable on August 27, 2025. Gu Zhaoyang was elected as an independent non-executive Director, and Ms. Wang Yuan was appointed as the Chairman of the Supervisory Committee, effective May 20, 2025. Additionally, changes were made to the Supervisory Committee with the election of Ms. Wang Yuan and Ms. Fan Jinghan as shareholder representative supervisors. The board also ratified the appointment of Ernst & Young Hua Ming LLP as the domestic auditor and Ernst & Young as the overseas auditor for the upcoming financial year. Resolutions concerning credit lines, guarantees for subsidiaries, and mandates for share issuance and repurchase were also successfully passed.