Huayu Automotive shareholders approve banking, related party transactions

Huayu Automotive Systems Company held its first extraordinary general meeting of shareholders in 2025 on November 19, 2025, with 70.0392% of voting shares in attendance. The meeting, chaired by general manager Xu Ping, approved several key proposals. The resolution regarding the company's banking relationship with China Merchants Bank for deposit and loan services, a related party transaction, passed with 99.9873% of votes in favor.

Shareholders also approved the estimated amounts for ordinary related party transactions in the first half of 2026, with 66.1176% of votes in favor. Furthermore, the forecast for other daily related party transactions in the first half of 2026 received 94.3320% approval. Shanghai Automotive Industry Corporation, a related party, abstained from voting on the resolution concerning the estimated amounts for ordinary related party transactions in the first half of 2026.

The meeting procedures and resolutions were verified by Beijing Jia Yuan Law Firm, confirming compliance with relevant laws and regulations. The board of directors issued the announcement on November 20, 2025.