Wanxiang Doneed shareholders approve key financial resolutions, auditor for 2025

Wanxiang Doneed Co., Ltd. held its second extraordinary general meeting of shareholders on September 11, 2025, in Hangzhou, Zhejiang. The meeting saw an attendance of three shareholders and proxies, representing 146,390,951 voting shares, which constitutes 50.03% of the company's total voting shares. The meeting was convened by the board of directors and chaired by Mr. Cui Liguo, the company's chairman.

Shareholders unanimously approved two key proposals. The first resolution, concerning the risk continuous assessment report of Wanxiang Finance Co., Ltd., passed with 3,740,816 votes in favor (100% of non-affiliated votes). The company's largest shareholder, Wanxiang Sannong Group Co., Ltd., abstained from voting due to its affiliated interest as Wanxiang Finance Co., Ltd. is under the common ultimate control of Lu Weiding.

The second resolution, approving the reappointment of the company's financial report audit institution and internal control audit institution for 2025, also passed with 3,740,816 votes in favor (100% of non-affiliated votes). Both resolutions were subject to separate counting of votes from small and medium investors. Zhejiang Jingheng Law Firm confirmed that the meeting's procedures complied with relevant laws and regulations, validating the resolutions.