Zhengzhou Coal Machinery approves key resolutions at AGM

Zhengzhou Coal Mining Machinery Group Co., Ltd. (SSE:601717) announced the successful passage of all resolutions at its Annual General Meeting held on June 5, 2025. Key approvals included the 2024 Board and Supervisory Committee work reports, the annual report and summary, and a plan for the company's 2024 profit distribution. Shareholders also approved resolutions regarding the provision of guarantees for subsidiaries, the appointment of external auditors for 2025, and the implementation of an employee stock ownership plan. The meeting saw participation from shareholders representing 39.77% of the company's total shares. Several resolutions addressed future strategy and shareholder returns, signaling a focus on sustainable growth. All resolutions were passed by significant margins, with the company emphasizing compliance with relevant laws and regulations throughout the process.