Lingbao Gold share award scheme faces mixed shareholder vote

Lingbao Gold Group Company Ltd. received mixed results at its extraordinary general meeting, with shareholders approving a share award scheme with 98.3% support but rejecting a second resolution authorizing the board to implement it.

The implementation resolution failed with only 55.2% approval, below the required two-thirds threshold. The outcome was influenced by Jiesi Weiye correcting its voting instruction, shifting 169.3 million H shares from "against" to "abstain" on the second resolution.