TBEA shareholders approve diverse debt financing tools

TBEA Co., Ltd. announced the resolutions of its Fourth Extraordinary General Meeting of Shareholders in 2025, held on November 3, 2025. A significant outcome was the approval of the proposal for the company to apply for unified registration and issuance of various non-financial enterprise debt financing tools (DFI). This decision passed with a strong majority.

Of the total 1,203,421,309 voting shares represented, 1,126,176,246 shares (93.5812%) voted in favor of the DFI proposal. There were 68,675,215 shares (5.7066%) against and 8,569,848 shares (0.7122%) abstaining. The meeting was attended by 5,310 shareholders or their proxies, representing 23.9713% of the total voting shares.

The meeting procedures, including its convocation and voting methods, were confirmed by Xinjiang Tianyang Law Firm to be in compliance with relevant laws and regulations. The company's board of directors and supervisors were well-represented, with eight of eleven directors and all five supervisors attending the meeting.