Dahu Aquaculture shareholders approve key governance reforms, supervisory board dissolved

Dahu Aquaculture Co., Ltd. held its second extraordinary shareholders' meeting of 2025 on September 29, 2025, in Changde City, Hunan Province. A total of 244 shareholders and proxies, representing 141,089,777 shares or 29.3181% of the total voting shares, attended the meeting. All six proposed resolutions, primarily focusing on amendments to corporate governance rules, were approved.

A pivotal resolution involved the cancellation of the supervisory board, the repeal of its respective rules, and revisions to the company's Articles of Association. This special resolution passed with 99.6156% of votes in favor from attending A-share holders, totaling 140,547,556 votes. Other resolutions, which passed as ordinary resolutions, included revisions to the rules of procedure for the Shareholders' Meeting, Board of Directors, independent directors, related party transactions management, and external guarantees management. These passed with over 99% approval from A-share holders.

The meeting confirmed the legality and validity of the proceedings and resolutions, as verified by Hunan Qiyuan Law Firm. The company's board of directors issued the announcement on September 30, 2025, confirming the successful adoption of these comprehensive governance updates.