Chengdu Expressway shareholders approve governance changes, elect new director

Shareholders of Chengdu Expressway Co., Ltd. approved all proposed resolutions at an Extraordinary General Meeting (EGM) held on December 23, 2025. A total of 1,513,943,000 shares, representing 91.42% of the total issued shares, were present.

Key resolutions included the abolition of the supervisory committee and amendments to the articles of association, which passed with 99.996169% of votes in favor. Proposed amendments to the rules of procedure for general meetings and the board of directors also passed with 100.000000% of votes in favor.

Following the EGM, the company confirmed the abolition of the supervisory committee, with the audit and risk management committee of the board assuming its functions. The current audit and risk management committee comprises Leung Chi Hang Benson, Wang Peng, and Wu Haiyan.

Additionally, Pan Xin was elected as an employee director (non-executive director) at an employee representative meeting held on December 23, 2025, for a term effective from the same date. Pan, aged 38, previously served as deputy general manager and currently holds positions as deputy Party secretary and chairman of the labor union. He will not receive directors' fees in this capacity.