Cosco Shipping Energy Transportation shareholders approve charter, director appointment

Cosco Shipping Energy Transportation Co., Ltd. announced the successful passing of all resolutions at its Extraordinary General Meeting (EGM) held on December 23, 2025. Key approvals included the Charter Party dated November 5, 2025, and the acquisition of associated right-of-use assets. For this resolution, 99.45% of votes were cast "For," with 0.42% "Against" and 0.12% "Abstain."

Additionally, shareholders approved the appointment of Ms. Ma Yuanru as a non-executive director, effective immediately until the end of the current Board session. This resolution garnered 99.77% "For" votes, 0.20% "Against," and 0.03% "Abstain." Ms. Yuanru’s appointment brings the Board to two executive, four non-executive, and four independent non-executive directors.

The updated Board composition, effective December 23, 2025, now includes Ms. Ma Yuanru as a non-executive director. Ms. Yuanru also serves as a member of the Nomination Committee and the Remuneration and Appraisal Committee. The EGM results confirm strategic approvals for the company's operational activities and board structure.