Bohai Ferry shareholders approve all resolutions at extraordinary meeting

Bohai Ferry Group Co., Ltd. convened its first extraordinary general meeting of shareholders on November 5, 2025. The meeting saw 227 shareholders and proxies attend, collectively holding 212,792,715 voting shares, representing 45.3576% of the company's total voting shares. Chaired by company chairman Mr. Lü Daqiang, the meeting combined in-person and online voting, with all procedures deemed compliant with relevant company law and articles of association. No resolutions were vetoed.

Key resolutions approved included the proposal to abolish the supervisory board, which passed with 99.8059% of votes in favor from A-share holders. Furthermore, amendments to the "Articles of Association" and the "Rules of Procedure for Shareholder Meetings" were approved with 99.8446% and 99.8479% of A-share votes respectively. Other significant approvals covered revisions to the "Rules of Procedure for Board Meetings," "Independent Director Work Rules," "Related Party Transaction Management Measures," "External Investment Management Measures," "External Guarantee Management Measures," "Fundraising Management Measures," "Information Disclosure Management System," "Code of Conduct for Controlling Shareholders and Actual Controllers," "Accumulative Voting System Implementation Rules," "Shareholder Meeting Online Voting Implementation Rules," and the re-appointment of the accounting firm.

All resolutions received strong support, with the lowest approval rate from A-share holders being 99.8059% for the abolition of the supervisory board and the highest being 99.8479% for several proposals. The resolutions passed with similar high approval percentages among shareholders holding less than 5% of the company's shares.