Shanghai Broadband shareholders approve key governance, management changes

Shanghai Broadband Technology Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on December 15, 2025. A total of 102 shareholders and their proxies attended, representing 84,125,369 shares, or 25.5808% of the company's total voting shares. All proposed ordinary and special resolutions were approved.

Key resolutions included the appointment of the accounting firm, which passed with 94.9276% of votes, and the revision of the company's articles of association and the cancellation of the supervisory committee, approved by 94.8649% of votes.

Various management system revisions, such as those related to shareholder meeting rules, board meeting rules, independent director rules, capital flows, external guarantees, fundraising management, investment and financing management, and executive compensation, also received overwhelming approval. Specifically, the revisions to the rules of procedure for shareholder meetings and the rules of procedure for the board of directors passed with 94.9200% of votes each.

The meeting was convened by the board of directors and chaired by Wang Tianyang, the company's chairman. Beijing Dacheng (Shanghai) Law Firm provided legal oversight, confirming the meeting's compliance with legal and regulatory requirements.