Xinhua Department Store approves related party lease

Yinchuan Xinhua Department Store Group Co., Ltd. (SSE:600785) announced the resolution of its second extraordinary general meeting of shareholders held on June 27, 2025. Shareholders approved a proposal regarding the lease of property from a related party. Of the shares represented at the meeting, 95.3486% voted in favor of the resolution, with 4.2437% voting against and 0.4077% abstaining. Ningxia Fanghe Law Firm provided legal witnessing, confirming the meeting's procedures and resolutions complied with relevant laws and the company's articles of association. The company's board of directors, led by Chairman Qu Kui, oversaw the meeting.