Shanghai International Airport shareholders approve major asset and land-use transfers

Shanghai International Airport Co., Ltd. held its first extraordinary general meeting for 2025 on December 10, 2025, in Shanghai. The meeting, chaired by the company's chairman Feng Xin, saw 1,432 shareholders and proxies representing 65.0526% of total voting shares in attendance. All resolutions passed with over half of the effective voting shares.

A key resolution approved was the transfer of relevant automated people mover assets from the third phase expansion of Pudong Airport to the airport group. This resolution garnered 98.7593% in favor, 1.0273% against, and 0.2134% abstained votes. Additionally, shareholders approved the signing of an agreement for the recovery of state-owned land use rights and facility compensation, with 99.0170% in favor, 0.7814% against, and 0.2016% abstained votes.

Both resolutions required related party Shanghai Airport (Group) Co., Ltd. to abstain from voting. Legal opinions confirmed that the meeting's convening, procedures, and resolutions were in full compliance with relevant laws and company articles of association.