Shandong Hi-speed shareholders approve multiple governance revisions

Shandong Hi-speed Company Limited held its third extraordinary general meeting of shareholders for 2025 on September 16, 2025, in Jinan. A total of 449 shareholders and their proxies attended, representing 4,209,561,263 shares, or 87.0720% of the company's voting shares. All proposed resolutions, including special resolutions, were passed with more than two-thirds of the votes from attending shareholders.

Key resolutions approved included the cancellation of the supervisory board, changes to the company's registered capital, and a revision of the articles of association, which received 99.7545% approval (4,199,227,786 shares). Amendments to the "Shareholder Meeting Rules of Procedure," "Board Meeting Rules of Procedure," "External Guarantee Management Measures," "Connected Transaction Management Measures," "Independent Director Work Measures," and "Fundraising Management Measures" also passed with high approval rates, generally exceeding 99.72%.

The meeting was chaired by deputy chairman and general manager Mr. Wang Hao, with 10 out of 11 directors and all 3 supervisors in attendance or participating remotely. Grandall Law Firm (Jinan) confirmed that the meeting's convening, procedures, and resolutions were in compliance with relevant laws and the company's articles of association.