Shoukai Shares' 2024 AGM resolutions valid, according to legal opinion

Beijing Capital Development (SSE:600376) received a legal opinion from Dentons confirming the validity of resolutions passed at its 2024 Annual General Meeting held on May 20, 2025. The legal counsel confirmed that the meeting's procedures, attendee qualifications, and voting processes adhered to the requirements of relevant laws, regulations, and the company's articles of association. Key resolutions approved included the 2024 financial statement report, board and supervisory board work reports, the 2024 annual report and its summary, the 2024 profit distribution plan, and internal control evaluation. Dentons stated that the voting results were legitimate and in line with the meeting's agenda, which had been announced beforehand. Approximately 62.31% of shares were represented at the meeting, or 1,607,304,268 shares.