Henan Dayou Energy shareholders approve supervisory board abolition

Henan Dayou Energy Co., Ltd. announced the resolutions of its Second Extraordinary General Meeting of Shareholders in 2025, held on November 28, 2025. The meeting, convened by the board of directors and chaired by Zhao Shaofeng, approved the proposal to abolish the supervisory board and revise the company’s articles of association and related policies. The resolution received overwhelming support, with 99.9201% of all shareholders and 86.9832% of small and medium shareholders voting in favor.

A total of 1,237 shareholders and proxies, representing 1,486,781,878 shares or 62.1873% of total voting shares, participated in the meeting, held both physically and online. The resolution was categorized as a special resolution, requiring at least two-thirds approval, which it successfully obtained.

According to the legal opinion provided by Henan Dazhou Law Firm, the convocation, convening procedures, and qualifications of attendees and the convener for the Second Extraordinary General Meeting were in compliance with the "Company Law," "Rules for Shareholders' Meetings of Listed Companies," and the company's articles of association, affirming the legality and validity of the resolutions passed.