Hengli Hydraulic shareholders approve dividend, elect new board of directors

Jiangsu Hengli Hydraulic Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 19, 2025. Key resolutions passed included the 2025 interim profit distribution, which was approved by a vast majority of shareholders. The meeting also approved the cancellation of the supervisory board and revisions to the "Articles of Association," among other governance-related proposals.

A new Sixth Board of Directors was elected, with Wang Liping, Qiu Yongning, and Xu Jin appointed as directors, and Fang Youdong, Wang Xuehao, and Quan Long appointed as independent directors. Following the shareholder meeting, the Sixth Board of Directors convened and elected Wang Liping as chairman. The board also appointed Qiu Yongning as general manager, Xu Jin, Wang Bin, and Hu Guoxiang as deputy general managers, Zhang Xiaofang as board secretary, and Peng Mei as chief financial officer, all for a term of three years.

The meeting further approved the composition of the board's specialized committees, with Wang Liping leading the Strategy Committee, Wang Xuehao chairing the Audit Committee, Quan Long heading the Nomination Committee, and Fang Youdong leading the Remuneration Committee. Additionally, Zhou Jialian and Gao Qiang were appointed as securities affairs representatives.