Xianhe shareholders approve A-share private placement plan

Xianhe Co., Ltd. announced that its third extraordinary general meeting of shareholders in 2025, held on October 15, 2025, successfully passed all proposed special resolutions regarding a private placement of A-shares. The meeting, attended by 68 shareholders representing 568,817,386 voting shares (80.3728% of total voting shares), saw overwhelming approval for all 10 resolutions.

Key proposals, including the company's eligibility for the private placement, the A-share issuance plan (covering type, par value, issuance method, timing, target subscribers, subscription methods, and number of shares), and the pricing principles for the shares, all received strong shareholder support. For instance, the resolution on the company's eligibility for the private placement garnered 99.9906% of votes in favor from A-shareholders, with only 0.0085% against and 0.0009% abstaining.

Further approved resolutions included the proposed lock-up period, the amount and use of raised funds, the listing location, the allocation plan for accumulated profits, and the resolution's validity period. Shareholders also authorized the board of directors to handle all related matters.