Shenergy shareholders approve convertible bond issuance, governance revisions

Shenergy Company Limited shareholders, representing 67.3927% of voting shares, approved all resolutions at their forty-seventh (second extraordinary in 2025) shareholders' meeting on September 4, 2025. Key approvals included the issuance of convertible corporate bonds. The proposal for the company to issue convertible bonds received overwhelming support, with 99.5501% of A-shares voting in favor. Subsequent related proposals, such as the bond issuance plan and terms (including scale, face value, interest rate, and maturity), were also passed with high approval rates, generally exceeding 99.5%.

The meeting also saw the approval of the company's three-year (2025-2027) shareholder dividend return plan. Furthermore, shareholders granted the board of directors or its authorized personnel full power to handle all matters related to the convertible bond issuance.

In terms of corporate governance, resolutions for revising the company's institutional documents, including the "Shenergy Company Limited Shareholder Meeting Rules" and "Shenergy Company Limited Board of Directors Meeting Rules," were passed. These were considered special resolutions and successfully achieved the required two-thirds majority.