Swellfun shareholders elect new director Haiying Cheng

Sichuan Swellfun Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 18, 2025, at the Swellfun Museum in Chengdu. The meeting, convened by the board of directors and chaired by Fan Xiangfu, saw 943 shareholders and proxies attend, representing 333,124,573 shares. This attendance constituted 68.7547% of the company's total voting shares. The primary agenda item was the election of a new director.

Shareholders overwhelmingly approved the proposal to elect Haiying Cheng as a company director. The resolution garnered 331,171,006 votes in favor, representing 99.4135% of the effective voting rights present at the meeting. For shareholders holding less than 5% of total shares, 22,704,786 votes were cast in favor, accounting for 92.0774% of their votes. The resolution passed as a common resolution, requiring more than 50% of effective voting rights.

The meeting's procedures, attendance, and resolutions were confirmed by lawyers Jin Qianru and Song Jianhua from Sichuan Junhe Law Firm as compliant with legal and regulatory requirements and the company's articles of association, ensuring the validity and legality of the resolutions.