Sichuan Changhong shareholders approve charter changes, subsidiary guarantees

Sichuan Changhong Electric held its first extraordinary general meeting of shareholders for 2025 on September 29, 2025, in Mianyang City, Sichuan Province. The meeting saw 7,068 shareholders and proxies in attendance, representing 1,153,041,745 voting shares, or 24.9790% of the total voting shares. The resolutions were passed through a combination of on-site and online voting methods, overseen by deputy chairman and general manager Yang Jin due to chairman Liu Jiang's absence.

Two key proposals were deliberated and passed. The first, "Regarding the Amendment of the Company's Articles of Association," was approved with 1,117,952,648 votes (96.9568%) in favor, 31,133,592 votes (2.7001%) against, and 3,955,505 votes (0.3431%) abstaining. This resolution required a special majority and passed with over two-thirds of the votes.

The second proposal, "Regarding the Company's Provision of New Guarantees for Controlled Subsidiaries," also passed with 1,132,336,644 votes (98.2043%) in favor, 18,591,765 votes (1.6124%) against, and 2,113,336 votes (0.1833%) abstaining. This resolution required a simple majority and was approved with over half of the votes.

Beijing King & Wood Mallesons (Chengdu) Law Firm certified that the meeting's convening, procedures, and resolutions complied with relevant laws, regulations, and the company's articles of association.