Huaihe energy shareholders approve governance reforms, supervisory board cancellation

Huaihe Energy (Group) Co., Ltd. held its second extraordinary general meeting of shareholders in 2025 on September 16, 2025. The meeting saw 870 shareholders and proxies in attendance, representing 2,245,317,157 total voting shares, or 57.7758% of the company's total voting shares. All resolutions presented during the meeting were approved.

A significant resolution, "About the proposal to cancel the supervisory board and amend the company's articles of association," passed with 99.7153% of the votes, totaling 2,238,926,257 votes. Another key resolution, "About the proposal to revise some corporate governance systems," also received strong approval with 99.0609% of the votes, amounting to 2,224,232,257 votes. Both special resolutions obtained more than two-thirds of the voting rights held by attending shareholders.

The meeting, convened by the company's board of directors and chaired by Mr. Zhou Tao (acting as board secretary), included the presence of all 8 current directors and all 4 current supervisors. Beijing Guofeng Law Firm confirmed that the meeting's convening, procedures, and resolutions were in compliance with relevant laws and regulations.