Heilongjiang Agriculture shareholders approve governance reforms, abolish supervisory board

Heilongjiang Beidahuang Agricultural Company Limited announced the results of its second extraordinary general meeting held on September 19, 2025, where shareholders passed all proposed resolutions. A total of 800 shareholders and proxies, representing 1,194,098,030 shares or 67.1717% of total voting shares, participated.

Key resolutions approved included revisions to the "Articles of Association," "Rules of Procedure for Shareholder Meetings," and "Rules of Procedure for Board Meetings." The most notable decision was the approval to cancel the supervisory board, with 99.8064% of votes cast by A-share holders in favor, against 0.1807% opposing and 0.0129% abstaining.

The meeting also saw all three special resolution proposals, concerning the aforementioned revisions, pass with over two-thirds of the effective voting shares, confirming substantial shareholder support for the governance updates. Beijing Yuecheng (Heilongjiang) Law Firm attested that the meeting's procedures and results were legally compliant.