Sinotrans shareholders approve capital reduction, governance changes

Sinotrans Co., Ltd. held its third extraordinary general meeting of shareholders for 2025 on September 29, 2025, with 429 shareholders and proxies attending. The meeting, presided over by chairman Zhang Yi, saw the approval of all proposed resolutions. A key resolution involved decreasing the company's registered capital, which passed with 99.9745% of votes in favor from common shares, totaling 5,433,749,060 votes. The A-share class overwhelmingly supported this with 4,455,234,683 votes (99.9689%), while H-share holders also showed unanimous support with 978,514,377 votes (100.0000%).

Additionally, shareholders approved revisions to the "Articles of Association" and the cancellation of the Supervisory Board. This particular special resolution received 91.5128% of common share votes in favor, amounting to 4,973,845,476 votes. A-share holders cast 4,440,006,230 votes (99.6272%) in favor, while H-share holders provided 533,839,246 votes (54.5561%) in favor. The meeting also passed a general resolution to revise certain corporate governance systems with 94.3823% of common share votes in favor.

The resolutions were deemed legally valid and effective by Beijing Jia Yuan Law Firm, confirming compliance with relevant laws, regulations, and the company's Articles of Association.