Xinhu Zhongbao shareholders approve guarantees and overseas bonds

Xinhu Zhongbao (SSE:600208) announced the resolutions passed at its first extraordinary general meeting of shareholders in 2025. Shareholders approved the proposal to accept guarantees from related parties and provide counter-guarantees, with 98.9128% of A-share votes in favor, after related shareholders abstained from voting. A separate resolution to issue overseas bonds also passed with overwhelming support, garnering 99.4809% of A-share votes. The meeting, held on February 26, 2025, saw attendance from shareholders representing 60.8306% of the company's total shares. Legal counsel from Guohao Law Firm (Hangzhou) affirmed the legality and validity of the meeting's procedures and resolutions.