Baofeng Energy approves all resolutions at 2024 AGM

Ningxia Baofeng Energy Group Co., Ltd. (SSE:600989) announced the successful passage of all resolutions at its 2024 Annual General Meeting. Key approvals included the 2024 Board of Directors' work report, the 2024 Supervisory Board's work report, the 2024 financial statements, and the 2025 budget report. Shareholders also approved agreements for daily related-party transactions and the proposed 2024 profit distribution plan. The meeting, convened by the board and chaired by Chairman Dang Yanbao, saw the participation of shareholders representing 3,843,329,254 shares, accounting for 52.4088% of the company's total voting shares. A resolution to re-appoint the company's accounting firm was also successfully passed. Additionally, shareholders approved a plan to request board authorization to decide on the 2025 interim dividend policy and approved the estimated amount of external guarantees for 2025. The company's legal counsel affirmed the meeting's compliance with relevant laws and regulations.