Hillstone Networks approves board, transactions at shareholder meeting

Hillstone Networks (SSE:688030) announced the resolutions passed at its first extraordinary general meeting of shareholders on February 11, 2025. Shareholders approved the election of several non-independent and independent directors to the company's third board of directors. These include Ye Haiqiang, Jiang Dongyi, Chen Zhenkun, Wu Hao, Zhang Jinzhang, Zhang Xiaojun, and Zuo Xiaodong. The company also approved a forecast for daily related-party transactions. The meeting saw participation from shareholders representing 47.7201% of the company's total voting shares. All proposed resolutions passed, with related shareholders abstaining from voting on the related-party transaction matter. The board confirmed that the meeting adhered to relevant laws and regulations.