Shandong Publishing shareholders approve key governance changes

Shandong Publishing & Media Co., Ltd. held its third extraordinary general meeting of shareholders for 2025 on December 8, 2025, in Jinan. Chaired by company chairman Liu Wenqiang, the meeting saw 222 shareholders and proxies representing 1,701,441,973 shares, or 81.5296% of total voting shares, participate through a combination of on-site and online voting. All proposed resolutions, which included revisions to several corporate governance policies, were passed without any opposing votes or abstentions on the main resolutions.

Key amendments approved included revisions to the "Independent Director Work System," "Related Party Transaction Management Measures," "Cumulative Voting System Implementation Rules," "External Guarantee Management System," "Raised Funds Management System," "Entrusted Financial Management Measures," and "Investment Management Measures." For example, the revision to the "Independent Director Work System" garnered 1,670,842,618 votes in favor (98.2015%), 30,567,555 votes against (1.7965%), and 31,800 abstentions (0.0020%).

Similarly, the amendment to the "Related Party Transaction Management Measures" received 1,670,836,618 votes in favor (98.2012%), 30,573,555 votes against (1.7969%), and 31,800 abstentions (0.0019%). The meeting affirmed that the procedures and outcomes complied with relevant laws, regulations, and the company's articles of association.