BAIC BluePark shareholders approve all resolutions at EGM

BAIC BluePark New Energy Technology (SSE:600733) announced that all resolutions presented at its second extraordinary general meeting of shareholders in 2025 were approved. The meeting, held on September 5, 2025, saw 45.5286% of the total voting shares represented by 2,101 shareholders and proxies.

Among the key approvals were the report on the use of previous raised funds and the change of accounting firms for 2025, both passed with high approval rates. Notably, a significant restructuring of corporate governance was approved, including the abolition of the supervisory board and revisions to the company's articles of association and various operational rules. This decision, along with the report on the use of previous raised funds, was passed as a special resolution.

Other approved proposals included amendments to the rules for shareholder meetings, board of directors meetings, independent director systems, related party transactions, external guarantees, and external investments. Additionally, revisions to the compensation and performance appraisal systems for directors and senior management were passed, reflecting a comprehensive update to the company's internal regulations.