AMEC shareholders approve capital, governance changes

Advanced Micro-Fabrication Equipment (China) Co. (AMEC) has announced the successful passing of all resolutions at its third extraordinary general meeting of shareholders for 2025, held on September 24, 2025. Key approvals include increasing registered capital, eliminating the supervisory board, and revising the company articles of association. This resolution passed with 99.9628% of votes in favor, following approval by 261,192,840 shares.

Shareholders also approved significant revisions to the company's governance framework, including amendments to the rules of procedure for shareholders' meetings (87.1613% approval), board of directors' meetings (86.9013% approval), connected transactions management system (87.1576% approval), external guarantees management system (87.1583% approval), and external investment management system (87.1518% approval). Further changes were made to the cumulative voting system implementation rules (87.1597% approval) and the independent director work system (86.9007% approval).

Additionally, the meeting sanctioned changes to the board of directors and adjustments to the membership of specialized committees, with 91.4345% of votes in favor. A proposal to increase the estimated daily related party transactions for 2025 also passed with 99.9351% approval. Shanghai AllBright Law Offices confirmed the legality and validity of the meeting's procedures and resolutions.