Cosco Shipping Energy shareholders approve all EGM resolutions

Cosco Shipping Energy Transportation Co., Ltd. held its Extraordinary General Meeting (EGM) on September 26, 2025, where all proposed resolutions were passed. A total of 653 shareholders and authorized proxies attended or participated, representing 2,460,047,374 shares with voting rights, or 51.5649% of the total number of shares.

Special resolutions, including amendments to the Articles of Association and rules for shareholders' and board meetings, passed with over two-thirds of the votes. The resolution on Proposed Amendments to the Articles of Association received 99.9482% "For" votes. The resolution concerning the Cancellation of Supervisory Committee and Abolishment of the Rules and Procedures of Meetings of the Supervisory Committee also passed with 99.9325% "For" votes.

Ordinary resolutions, such as amendments to various administrative rules and measures (e.g., Independent Directors' Work, Connected Transactions, External Guarantees, External Investments, Cumulative Voting System, Share Option Incentive Scheme), all passed with over 50% of the votes. For instance, amendments to the Rules and Procedures on Independent Directors' Work received 99.9572% "For" votes. BDO Limited served as the scrutineer for the vote-taking process.