Ningbo Haitian shareholders approve key governance changes, abolish supervisory board

Ningbo Haitian Precision Machinery Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on November 18, 2025. The meeting, chaired by director Wang Huanwei, was attended by 232 shareholders and proxies, representing 76.1902% of total voting shares. All proposed resolutions were approved.

The most significant resolution involved abolishing the supervisory board and revising the company’s articles of association. This special resolution passed with 99.7820% of votes in favor from A-share holders, satisfying the requirement for at least two-thirds of the total shares represented at the meeting.

Shareholders also approved several ordinary resolutions, including new and revised management systems. These included the "Remuneration Management System for Directors and Senior Management," "Independent Director Work System," "Accounting Firm Selection System," and "Code of Conduct for Controlling Shareholders and De Facto Controllers," among others. All ordinary resolutions passed with over 99.7% of votes in favor from A-share holders.