CGN Power shareholders approve key governance changes, abolish supervisory committee

CGN Power Co., Ltd. announced the poll results of its 2025 First Extraordinary General Meeting (EGM), Second H Shareholders' Class Meeting, and Second A Shareholders' Class Meeting, all held on October 16, 2025. A significant outcome was the approval of the resolution to abolish the supervisory committee and amend the articles of association, effective immediately upon the conclusion of the EGM. This means the audit and risk management committee of the board will now assume the powers and functions previously held by the supervisory committee.

At the EGM, all resolutions, including the abolition of the supervisory committee, were duly passed by open ballot. The resolution for the abolition of the supervisory committee and amendments to the articles of association (Special Resolution 3) saw 38,440,665,164 shares vote for, representing 93.287992%, with 2,761,560,485 shares (6.701768%) against, and 4,219,582 shares (0.010240%) abstaining.

Shareholders also approved other key special resolutions, including amendments to and renaming of the procedural rules of the general meeting of CGN Power Co., Ltd., and the procedural rules of the board of directors. However, special resolutions proposed at the H Shareholders' Class Meeting related to amendments to articles concerning class meetings were not passed, as they did not achieve the required two-thirds majority. The company stated this non-approval would not affect other approved amendments or daily operations.