Ningbo Marine: shareholders approve governance changes, elect new directors

Ningbo Marine convened its Second Extraordinary General Meeting on October 28, 2025, with 48.2014% of voting shares represented. The meeting legally approved all proposed resolutions. These included the abolition of the supervisory board, revisions to the company's articles of association and various governance policies, and the election of new directors.

The resolutions to amend and abolish several governance documents, such as the Shareholders' Meeting Rules, Board of Directors' Meeting Rules, Independent Director Work System, and policies on related party transactions and fundraising management, were all passed. Wang Jingyi and Zhang Zikai were elected as new directors, securing 99.1461% and 99.1212% of the votes, respectively.

Concurrently, Ningbo Marine released its Q3 2025 financial report. For the nine months ending September 30, 2025, the company reported total operating income of yuan 1,989,310,542.40, a 19.30% increase year-over-year. However, the net profit attributable to shareholders was a loss of yuan 31,546,302.72. Operating cash flow improved significantly, reaching yuan 512,610,708.36, a 42.66% increase.