King Long Motor shareholders approve related party transactions, director election

Xiamen King Long Motor Group held its fourth extraordinary general meeting of shareholders on September 25, 2025, with 43.7625% of total voting shares represented. All proposed resolutions were approved, including a supplementary estimate for 2025 annual related party transactions and an increase in financing guarantee limits for a subsidiary.

The supplementary estimate for 2025 annual related party transactions passed with 96.8815% of A-share votes in favor, totaling 79,995,595 votes. The proposal for subsidiary Suzhou King Long Company to increase automotive financing guarantees for customers also received strong approval, with 99.1282% of A-share votes, or 311,062,941 votes, in favor.

Additionally, the proposal to elect a new director to the Eleventh Board of Directors was approved by 99.1591% of A-share votes (311,159,841 votes). Legal counsel confirmed that the meeting complied with relevant laws and company regulations.