Qingshan Paper shareholders approve governance revisions and key projects

Fujian Qingshan Paper Industry Co., Ltd. announced that its second extraordinary general meeting of shareholders for 2025, held on November 12, 2025, in Fuzhou, successfully passed all proposed resolutions. A total of 1,901 shareholders and proxies attended the meeting, representing 652,524,481 voting shares, which constitutes 29.1198% of the company's total voting shares. All resolutions were approved, indicating strong shareholder support for the company's strategic direction.

Key resolutions included revisions to the company's articles of association, which passed with 99.1801% of votes in favor, and the cancellation of the supervisory board, approved with 99.0708% of votes. Additionally, shareholders approved updates to the rules of procedure for shareholder meetings (97.6890% in favor), the rules of procedure for the board of directors (97.6931% in favor), and the independent director work system (97.6794% in favor).

Other approved items included revisions to the fundraising management system (97.6824% in favor), the use of proprietary funds for cash management (99.1653% in favor), and the use of idle raised funds for cash management. Shareholders also greenlit the implementation of a wastewater treatment upgrade project, with 99.2026% of votes in favor. The meeting was overseen by chairman Lin Xiaohe and verified by Fujian Zhili Law Firm, confirming compliance with relevant regulations.