Jilin Quanyangquan shareholder meeting legally compliant, lawyers say

Jilin Quanyangquan Co., Ltd.'s 2024 Annual General Meeting held on April 22, 2025, was deemed legally compliant and valid by Jilin Jindian Law Firm. The firm, acting as legal counsel, affirmed that the meeting's convocation, procedures, attendee qualifications, and voting processes adhered to relevant laws and regulations, including China's "Company Law" and the company's articles of association. Shareholders representing 216,311,080 shares attended the meeting in person or through representatives, while 579 shareholders participated via online voting, representing 22,582,716 shares, or 9.45% of the total voting shares. All seven proposed resolutions, including the 2024 Board and Supervisory Committee reports, profit distribution plans, annual report approval, related party transaction estimates, asset impairment provisions, and adjustments to the use of raised funds, were successfully passed. The legal opinion will be disclosed along with the general meeting's resolutions.