Xin Fengming group shareholders approve related-party transactions, financial assistance

Xin Fengming Group Co., Ltd. held its fifth extraordinary general meeting of shareholders for 2025 on September 15, 2025, in Tongxiang City, Zhejiang Province. The meeting, chaired by chairman Zhuang Yaozhong, saw 210 shareholders and proxies in attendance, representing 61.1891% of the total voting shares. All proposals were approved.

Key resolutions passed included the approval of an increase in the estimated amount for daily related-party transactions with associated parties for the year 2025. This resolution garnered 99.9636% of the votes. Additionally, shareholders approved financial assistance to a jointly owned company by Dushan Energy, with 99.9386% of the votes in favor.

Both resolutions were considered special resolutions, requiring and receiving approval from more than two-thirds of the total valid voting shares. A law firm confirmed that the meeting procedures complied with relevant laws and regulations.