Zhejiang Great Shengda Packaging approves governance changes, elects new director

Zhejiang Great Shengda Packaging Co., Ltd. (SSE:603687) held its second extraordinary general meeting of shareholders on November 17, 2025, approving several key governance changes. Shareholders voted to cancel the company's Supervisory Board and amend the Articles of Association, along with revisions to the Shareholders' Meeting Rules. Other approved measures included updates to external guarantee, external investment management, connected transaction management, and independent director work systems, as well as new regulations concerning capital management. All resolutions passed with strong majority support, with resolution 1.01 requiring and receiving a special resolution approval.

Additionally, the company's Third Board of Directors convened its thirty-first meeting on November 17, 2025. The board elected Fang Congyi as the representative director for company affairs and legal representative. Concurrently, Shu Kuiming resigned from his position as a non-independent director and member of the Nomination Committee due to structural adjustments. Shu will continue to serve as vice president.

In light of Shu's resignation, the board approved the election of Fang Jiabin as a new employee representative director and a member of the Nomination Committee. Fang Jiabin, who previously served as deputy director of the Nuclear Price Center, will hold these positions until the end of the Third Board of Directors' term. The updated Nomination Committee will consist of Chen Xiangyu (chairperson), Xu Wencai, and Fang Jiabin.