Guangshen Railway sets December EGM for key transactions, governance changes

Guangshen Railway Company will convene its first extraordinary general meeting of shareholders in 2025 on December 4, 2025, at 9:30 AM in Shenzhen. Shareholders can attend on-site or through the Shanghai Stock Exchange's online voting system. Key proposals include the re-signing of a comprehensive service framework agreement with China State Railway Group Co., Ltd. for 2026-2028, with transaction caps set at 31,476.53 million yuan, 35,668.37 million yuan, and 40,670.89 million yuan, respectively. This related party transaction will require the approval of non-affiliated shareholders.

The meeting will also address significant corporate governance changes, including revisions to the company's Articles of Association, the abolition of the Supervisory Board, and corresponding amendments to the Rules of Procedure for the Shareholders' Meeting and the Rules of Procedure for the Board of Directors. These special resolutions require approval by two-thirds of the voting rights held by attending shareholders.

Additionally, the agenda includes the election of two non-executive directors to the tenth session of the Board of Directors using a cumulative voting system. Ms. Zhong Ning and Mr. Li Danjiang have been nominated following resignations, with their terms to cover the remainder of the tenth Board of Directors' tenure.