COSCO Shipping Holdings shareholders approve all proposals at EGM

COSCO Shipping Holdings Co., Ltd. announced the successful passage of all resolutions at its first extraordinary general meeting of 2025, held on October 31, 2025. The meeting, attended by 5,853 shareholders and proxies representing 9.3bn voting shares, achieved a significant 60.1554% of total voting shares. All proposals were approved as ordinary resolutions, requiring over half of the valid votes.

A key agenda item, the signing of the 2026-2028 financial services master agreement with COSCO Shipping Group Finance Co., Ltd. and the approval of its maximum amount, passed with 94.2548% of total votes. Similarly, the 2026-2028 continuing connected transactions agreements with China COSCO Shipping Group Co., Ltd., covering comprehensive, shipping, terminal, and vessel and container asset services, along with a trademark license agreement, were all approved with high shareholder support. For example, the comprehensive services master agreement received 99.8311% of the total votes.

The agreements, including those with Shanghai International Port (Group) Co., Ltd., ensure continued operational and financial stability through connected transactions. Related parties abstained from voting on these transactions, ensuring adherence to governance standards. The outcomes reflect a clear mandate from shareholders for the company's proposed inter-group agreements.