Huaxin Cement shareholders greenlight 2025 profit distribution, stock incentive plans

Huaxin Cement Group Co., Ltd. held its fourth extraordinary general meeting of shareholders for 2025 on November 12, 2025, in Wuhan. The meeting, attended by 364 shareholders representing 63.5015% of total voting shares, approved all proposed resolutions. These included the company's 2025 first three quarters profit distribution plan, which passed with 99.9440% of votes in favor.

Shareholders also approved the 2025 A-share restricted stock incentive plan (draft) and its summary, with 99.9202% of votes in favor. This was followed by the approval of the implementation and assessment management measures for the 2025 A-share restricted stock incentive plan, which received 99.9413% affirmative votes. Lastly, the resolution to authorize the board of directors to handle matters related to the 2025 A-share restricted stock incentive plan passed with 99.9407% of votes.

The company's board of directors, including chairman Xu Yongmo, convened the meeting. Notably, director Martin Kriegner was absent due to other work commitments. All special resolutions (Resolutions 2-4) received more than two-thirds of the valid voting shares, and the ordinary resolution (Resolution 1) passed with over one-half. Relevant shareholders with conflicts of interest abstained from voting on the incentive plan resolutions.