COFCO Tunhe Sugar shareholders approve increased related party transactions

COFCO Tunhe Sugar Holding Co. announced the resolutions from its fourth extraordinary general meeting of shareholders held on November 21, 2025. A total of 513 shareholders, representing 70,730,774 shares and 6.7118% of the total voting shares, participated. The meeting was convened by the company's board of directors and presided over by independent director Wu Biguang. All eight directors were present, along with board secretary Yang Jing.

The key agenda item, a proposal to increase the forecast daily related party transaction amount for 2025, was approved. Of the A shares cast, 70,236,874 votes (99.3017%) were in favor, 374,500 votes (0.5294%) were against, and 119,400 votes (0.1689%) abstained. Notably, the controlling shareholder, COFCO Group Co., which holds 1,085,033,073 shares, abstained from voting on this resolution due to its nature as a related party transaction.

The meeting procedures, from convocation to voting, were confirmed by Beijing Anli Law Firm as compliant with legal, administrative, and company regulations. The legal opinion affirmed the validity of the meeting, the qualifications of attendees, and the legality of the voting results.