Chint Electrics shareholders approve financial services and governance proposals

Zhejiang Chint Electrics held its Third Extraordinary General Meeting of Shareholders on November 4, 2025, in Shanghai. Chaired by chairman Nan Cunhui, the meeting saw 1,017 shareholders and their proxies attend, representing 64.9175% of the company's total voting shares. All proposed resolutions were adopted.

Among the approved proposals was the "Proposal on the Company and its Holding Subsidiaries Signing a Financial Services Agreement with Chint Group Finance Co., Ltd." This resolution received 165,244,264 votes in favor (74.4789%), 56,452,024 votes against (25.4441%), and 170,800 abstentions (0.0770%). Related-party shareholders abstained from voting on this related-party transaction, which was subject to separate vote counting for small and medium investors.

Shareholders also approved revisions to the "Measures for the Management of Raised Funds of Zhejiang Chint Electrics Co., Ltd." and the "Measures for the Management of External Guarantees of Zhejiang Chint Electrics Co., Ltd." Both governance-related proposals passed with strong support, reflecting confidence in the company’s strategic and operational framework. Beijing King & Wood Mallesons law firm deemed the meeting's procedures and results legally valid.