COSCO Shipping Development shareholders approve all EGM resolutions

COSCO Shipping Development Co., Ltd. announced that all resolutions presented at its Extraordinary General Meeting (EGM) on December 15, 2025, were duly passed by way of poll. The resolutions included various 2025 Second Heavy Industry Shipbuilding Contracts, Non-exempt Continuing Connected Transactions, and the appointment of Zheng Xiaozhe as a non-executive director.

A total of 1,172 shareholders and their authorized proxies, holding an aggregate of 6,600,751,069 shares, participated in the voting. Resolutions 1 to 3, related to connected transactions, saw a significant majority vote in favor, with totals ranging from 97.2602% to 97.5392% of the voting shares. Resolution 4, concerning the appointment of Zheng Xiaozhe, also passed with 99.7045% of the total voting shares in favor.

The EGM was chaired by Zhang Mingwen and the poll results were scrutinized by SHINEWING Certified Public Accountants, LLP. Grandall Law Firm (Shanghai) also attested that the EGM's convening, attendance, and voting procedures were lawful and valid.