Xinhu Zhongbao shareholders approve related-party guarantee agreement

Xinhu Zhongbao held its fourth extraordinary general meeting of shareholders on November 17, 2025, in Hangzhou. All seven directors and three supervisors were present, alongside the company secretary, vice president, and cfo. The meeting was convened to deliberate on a single resolution concerning the acceptance of related-party guarantees and the provision of counter-guarantees.

The resolution, "Proposal on Accepting Related Party Guarantees and Providing Counter-Guarantees," passed with significant shareholder support. Out of a total of 2,543,415,139 voting shares, 2,520,160,885 shares (99.0857%) voted in favor, while 21,791,154 shares (0.8567%) opposed, and 1,463,100 shares (0.0576%) abstained. For shareholders holding less than 5% of total shares, 85.4112% voted in favor, 13.6709% opposed, and 0.9179% abstained.

The meeting procedures, shareholder qualifications, and voting results were confirmed by Grandall Law Firm (Hangzhou) to be in compliance with relevant laws, regulations, and the company's articles of association. Related parties, including Quzhou Zhibao Enterprise Management Partnership (Limited Partnership) and Quzhou Xinan Guangjin Zhizao Equity Investment Partnership (Limited Partnership), did not participate in the voting.