Shanghai International Airport shareholders approve key asset transfers

Shanghai International Airport Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on December 10, 2025. The meeting, convened by the company's board of directors, saw 1,432 shareholders and their proxies representing 1,618,618,989 shares, or 65.0526% of the company's total voting shares. Voting combined on-site and online methods.

Shareholders approved the "Proposal on Transferring Related Express Rail Assets of Pudong Airport Phase III Expansion to Airport Group." The resolution passed with 163,748,187 votes in favor (98.7593%), 1,703,316 votes against (1.0273%), and 353,790 abstentions (0.2134%). Associated shareholders, Shanghai Airport (Group) Co., Ltd., abstained from voting as required.

Additionally, the "Proposal on Signing the State-Owned Land Use Rights Buyback and Facility Compensation Agreement" was also approved. This resolution garnered 164,175,485 votes in favor (99.0170%), 1,295,608 votes against (0.7814%), and 334,200 abstentions (0.2016%). Shanghai Airport (Group) Co., Ltd. also abstained from this vote. A legal opinion confirmed that all resolutions passed are valid and adhere to relevant laws and company articles.