VV Food & Beverage shareholders approve governance changes, abolish supervisory board

VV Food & Beverage Co., Ltd. announced that its fourth extraordinary general meeting of shareholders in 2025, held on November 14, 2025, approved two significant proposals. The first resolution, concerning the abolition of the Supervisory Board, was passed with 99.3515% of voting shares in favor.

The second resolution, which involved amendments to the company's articles of association and other governance documents, also passed with a substantial majority of 98.4718% in favor. Both resolutions received the necessary two-thirds majority of effective voting rights from attending shareholders.

The meeting saw 465 shareholders and proxies attend, representing 514,719,830 voting shares, or 31.8289% of the company's total voting shares. This included 464 small and medium investors. The meeting was convened by the board of directors and conducted through a combination of on-site and online voting, ensuring broad shareholder participation.

According to the legal opinion issued by Jiangsu Hongshan Law Firm, the convocation and conduct of the shareholders' meeting, the qualifications of attendees, and the voting procedures all complied with relevant laws, regulations, and the company's articles of association, confirming the validity and legality of the resolutions passed.