Zhejiang Haikong Nankehua shareholders approve S-share issuance, Singapore listing

Zhejiang Haikong Nankehua Tie Shuzhi Technology Co., Ltd. announced that its 2025 Fourth Extraordinary General Meeting of Shareholders, held on September 22, 2025, successfully approved all proposed resolutions. A total of 2,884 shareholders and proxies, representing 491,280,305 shares or 24.9645% of total voting shares, participated.

The key resolution, concerning the company's issuance of S-shares and listing on the Singapore Exchange, passed with overwhelming support. Shareholders also approved the detailed plan for the S-share offering, including the listing location, type and par value of shares, issuance timing, method, scale, target subscribers, pricing principles, and selling principles.

Further resolutions regarding the use of proceeds from the S-share offering, the pre-rolled profit distribution plan, conversion to an overseas-listed company, validity period of the resolutions, and authorization for the board of directors to manage related matters, also passed. The resolutions received significant majority votes, with approximately 98% of participating A-shares voting in favor of the key proposals.