Xiamen Tungsten shareholders approve key resolutions, board appointment

Xiamen Tungsten's extraordinary general meeting, held on December 15, 2025, saw the approval of all submitted resolutions. The meeting was attended by 742 shareholders and proxies, representing 40.4210% of the company's total voting shares. All resolutions were passed, indicating strong shareholder support for the proposed strategies.

Key approvals included a non-proportional capital increase for Xiamen Tungsten Motor Industry Co., Ltd., which received 99.9359% of votes in favor. Shareholders also approved adjustments to related party transactions and forecasts for 2025, with specific resolutions for Fujian Industrial Holding Group Co., Ltd. and Xiamen Laizefeng Technology Co., Ltd. receiving 99.8274% and 99.9558% approval rates, respectively.

Additionally, the meeting sanctioned the election of Wang Yuzhen as a non-independent director to the tenth board of directors, with 94.9374% of valid votes cast in favor. Resolutions related to the adjustment of business scope and revisions to the articles of association also passed with 99.9682% approval. The meeting's procedures and results were certified as lawful and valid by Fujian Zhili Law Firm.