Dalian Port schedules EGM for director election, governance changes

Dalian Port Company has announced an Extraordinary General Meeting (EGM) scheduled for December 4, 2025, to consider several key resolutions. These include the proposed election of Liu Bin as a non-executive director, amendments to the Articles of Association, and the purchase of liability insurance for its directors and senior management. Liu Bin, a veteran with extensive experience from China Merchants Holdings, will serve without emolument.

The proposed amendments to the Articles of Association primarily concern adjustments to the company's issued shares and registered capital, reflecting a decrease from RMB23,905,474,669 to RMB23,571,767,213. This adjustment also impacts the percentage of shares held by domestic and foreign shareholders. The EGM will also address the authorization for management to procure liability insurance for directors and senior management, with an annual coverage limit not exceeding RMB80m and a premium budget of RMB360,000.

To facilitate shareholder participation, the H Shares register of members will be closed from December 1, 2025, to December 4, 2025, preventing share transfers during this period. Shareholders are advised to submit proxy forms by December 3, 2025, or lodge share certificates by November 28, 2025, to be eligible to attend and vote at the EGM.