Shandong Homey Aquatic shareholders approve governance reforms, supervisory board canceled

Shandong Homey Aquatic Development Co., Ltd. held its first Extraordinary General Meeting of Shareholders for 2025 on October 29, 2025, seeing key amendments to its corporate governance documents. The meeting, convened by the company's board of directors, proceeded with 313 shareholders and proxies representing 440,997,890 shares, or 30.1847% of the total voting shares. All seven proposed resolutions, focusing on changes to internal regulations, received shareholder approval.

Among the approved resolutions was the cancellation of the Supervisory Board and corresponding amendments to the "Articles of Association," which passed with 99.6521% of votes in favor. Shareholders also approved revisions to the "Shareholders' Meeting Rules," "Board of Directors' Meeting Rules," and the "Implementation Rules for the Audit Committee." These changes reflect a broader restructuring of internal oversight and operational guidelines.

Further resolutions passed included modifications to the "External Guarantee Management System," the "Related Party Transaction Decision-Making System," and the "Independent Director Work System." These adjustments aim to refine financial oversight and transaction protocols. The meeting utilized both on-site and online voting platforms, ensuring broad shareholder participation in these critical governance updates.