Shanghai International Port Group appoints new chairman, approves governance changes

Shanghai International Port Group held its first extraordinary general meeting of shareholders in 2025 on December 16, 2025. All proposals were passed, including the 2025 semi-annual profit distribution plan and revisions to the company’s articles of association and governance rules. Key approvals included the elimination of the supervisory board and corresponding amendments to the company's articles of association, as well as revisions to the shareholder general meeting, independent director, related party transaction, and raised funds management rules.

Additionally, the board of directors elected Mr. Yu Fulin as the new chairman of the Third Board of Directors and appointed him as the chairman of the Board's Strategic Committee, effective from December 16, 2025, until the current board's term expires. Mr. Yu Fulin, born in March 1967, brings extensive experience from various leadership roles within Shanghai's urban planning and transportation sectors. Shareholders also approved the appointments of Yu Fulin, Zhao Jing, Song Xuming, and Tang Song as new directors and independent directors respectively.

The meeting saw a high turnout, with 85.0541% of voting shares represented. All resolutions received strong support, with the semi-annual profit distribution plan garnering 99.9878% of votes in favor. The special resolution concerning the abolition of the supervisory board and revision of the articles of association was passed with over two-thirds of the votes from attending shareholders.