Xi'an Shaangu Power shareholders approve external financing

Xi'an Shaangu Power convened its Third Extraordinary General Meeting of Shareholders for 2025 on October 28, 2025, at its 810 conference room in Xi'an. The meeting, presided over by chairman Ren Kuang, was called to deliberate on the company's application for external financing. Beijing Dacheng (Xi'an) Law Firm provided a legal opinion, affirming the meeting's compliance with legal and regulatory requirements.

The meeting saw 361 shareholders and their representatives attend, collectively holding 1,069,873,339 shares, representing 62.0765% of the company's total share capital. The resolution on the "Application for External Financing" was passed with a substantial majority, receiving 1,066,662,295 affirmative votes (99.6998%), 2,542,344 opposing votes (0.2376%), and 668,700 abstentions (0.0626%).

The legal opinion, issued by Beijing Dacheng (Xi'an) Law Firm, confirmed that the convening and conduct of the meeting, the qualifications of attendees and convener, and the voting procedures and results were all in accordance with relevant laws, regulations, and the company's Articles of Association. This ensures the legitimacy and effectiveness of the resolution passed.