Jinggu Forestry shareholders approve asset donation, new auditors

Yunnan Jinggu Forestry held its second extraordinary general meeting of shareholders on October 13, 2025, in Beijing, where several key proposals were approved. Shareholders passed a resolution concerning an asset donation agreement with the controlling shareholder, receiving 96.5014% of votes in favor. Concurrently, the appointment of the company's 2025 financial statements and internal control audit institution was also approved with 99.7043% of votes.

Additionally, shareholders voted to abolish the supervisory board, expand the business scope, and revise the company's articles of association. These revisions, along with amendments to the rules of procedure for shareholder meetings, board of directors meetings, fundraising management, and independent director management, were all approved with 99.6966% of votes.

The meeting saw 104 attendees, representing 77,981,102 shares, or 60.0779% of total voting shares. All proposals, including the special resolution regarding the supervisory board, passed with more than two-thirds of the voting rights. Beijing Zhong Lun Law Firm confirmed that the meeting's convening, opening procedures, and resolutions complied with relevant laws and regulations.