China Shipbuilding approves charter amendments and board pay

China Shipbuilding Industry Co., Ltd. (CSSC) held its second extraordinary shareholders' meeting of 2025 on July 4, 2025, in Shanghai. A total of 4,074 shareholders and proxies attended, representing 2,595,578,289 shares, or 58.0351% of the company's total voting shares. Shareholders approved amendments to the company's articles of association, rules of procedure for shareholder meetings, and rules of procedure for board meetings. They also voted to abolish the supervisory board, along with its associated rules, and approved revisions to the independent director system. Furthermore, the company has approved the annual allowance for independent directors. All resolutions passed with over 97% approval from attending shareholders. The legal advisors of Shanghai Jin Tiancheng law firm confirmed that the meeting procedures and voting results were compliant with relevant laws and regulations.