Red Star Macalline approves resolutions at extraordinary general meeting

Red Star Macalline Group Corporation has announced the successful passing of all resolutions proposed at its fourth extraordinary general meeting (EGM) held on July 4, 2025. The resolutions, detailed in the EGM notice and circular dated June 13, 2025, were approved by poll. Key resolutions included guarantees for financing provided by financial institutions to Suzhou Red Star Macalline Shibo Home Furnishing Plaza Company Limited and Wuhan Red Star Macalline Global Home Furnishing Plaza Development Company Limited, both subsidiaries of the company. Additionally, the appointment of Ms. YE Yanliu as a non-executive director was approved. Approximately 52.695394% of the company's shares were represented at the meeting, with over 99% voting in favor of each resolution. Ms. YE will also serve on the strategy and investment, nomination, and remuneration and evaluation committees.