Hengli Petrochemical approves all resolutions at AGM

Hengli Petrochemical (SSE:600346) announced the successful passage of all resolutions at its 2024 Annual General Meeting. Key approvals include the 2024 Board and Supervisory Board Work Reports, the 2024 Annual Report and Financial Statements, and the 2024 profit distribution plan. Shareholders also approved the 2024 director and supervisor compensation plans, the 2025 daily related-party transaction forecast, and a plan to conduct forex trading in 2025. A proposal for a 2025 guarantee plan was approved with 97.37% of shareholder approval while the application for a credit facility in 2025 has also been approved. Lastly, the reappointment of the accounting firm was approved. The meeting saw participation from shareholders representing 83.0589% of the company's voting shares.