Yasheng Group shareholders greenlight credit guarantees, system updates

Gansu Yasheng Industrial Group Co., Ltd. held its first extraordinary general meeting of shareholders in 2025 on September 17, 2025, in Lanzhou. A total of 506 shareholders and proxies attended, representing 29.4041% of the company’s total voting shares. The meeting, chaired by Lian Peng, used both in-person and online voting, with all procedures confirmed to comply with legal and regulatory requirements.

Key resolutions approved included a proposal to provide maximum credit guarantees for subsidiaries, which passed with 98.4890% of votes in favor. Additionally, several revisions to the company's management systems were approved. These included updates to the "Independent Director Work System," "Related Party Transaction Management System," "External Guarantee Management System," "External Donation Management System," and the "Selection and Appointment of Accounting Firms Management System."

Specifically, the "Independent Director Work System" passed with 97.2874% in favor, and the "Related Party Transaction Management System" also received similarly high approval. The "External Guarantee Management System" secured 97.2106% of the votes for approval, while the "External Donation Management System" passed with 97.1976% approval. Finally, the "Selection and Appointment of Accounting Firms Management System" was approved by 97.2830% of the voting shareholders.