Henan Zhongfu Industry shareholders approve governance overhauls

Henan Zhongfu Industry Co., Ltd. announced the resolutions from its second extraordinary general meeting of shareholders in 2025, held on November 13, 2025. Key approvals included the cancellation of the supervisory board and corresponding amendments to the company’s articles of association. This special resolution received 98.7256% of affirmative votes, exceeding the two-thirds majority required.

Shareholders also approved revisions to several core documents, including the rules of procedure for shareholder meetings, the rules of procedure for the board of directors, the independent director system, the management system for the use of raised funds, and the related party transaction management system. These ordinary resolutions passed with strong majorities, with affirmative votes ranging from 98.7213% to 98.7288%. The meeting saw 598 shareholders or proxies attend, representing 1,299,260,459 voting shares, or 32.4174% of total voting shares.

The meeting procedures, attendee qualifications, and voting outcomes were affirmed as legal and valid by Shanghai Shangzheng Hengtai Law Firm, with lawyers Cheng Xiaoming and Tian Yun witnessing the proceedings. The comprehensive approvals signal a strategic move by Henan Zhongfu Industry to streamline its corporate governance and operational frameworks.