COSCO SHIPPING Development shareholders approve executive director appointment

COSCO SHIPPING Development Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on October 13, 2025, in Shanghai. The meeting, presided over by chairman Zhang Mingwen, saw the approval of the resolution to appoint Mr. Wang Kunhui as an executive director of the company. The resolution passed with a significant majority.

The total number of shares with voting rights present at the meeting was 6.58 bn, representing 49.8590% of the company's total shares with voting rights. For the executive director appointment, A-share shareholders cast 6.19 bn votes in favor (99.8665%), 6.71m votes against (0.1083%), and 1.56m abstentions (0.0252%). H-share shareholders approved the motion with 371.46m votes in favor (98.4410%).

Overall, common stock shareholders cast 6.56 bn votes in favor (99.7847%), 12.59m votes against (0.1915%), and 1.56m abstentions (0.0238%). The meeting's procedures and resolutions were confirmed by Guohao Law Firm (Shanghai) as compliant with relevant laws, regulations, and the company's Articles of Association.