Jiangsu Expressway updates shareholder rules, executive Zhang Xinyu steps down

Jiangsu Ninghu Expressway Co., Ltd. held its first extraordinary general meeting of shareholders in 2025 on December 18, 2025, approving revised rules for shareholder meetings. Beijing Dacheng (Nanjing) Law Firm confirmed the meeting's compliance with laws and regulations. The meeting, attended by 344 shareholders representing 3.82 bn shares, or 75.82% of the company's total share capital, included both in-person and online voting.

The newly adopted "Shareholder Meeting Rules" detail governance, shareholder rights and obligations, board responsibilities, and procedures for convening and voting at shareholder meetings. These rules govern various aspects, including dividend distribution, capital changes, mergers, and other significant corporate actions.

In a related announcement, the company disclosed that Mr. Zhang Xinyu resigned from his positions as executive director and member of the board's strategy committee, effective December 18, 2025, due to adjustments in the company's governance structure. He will continue to serve in other roles, including deputy party secretary and chairman of the labor union. The company's board will promptly elect a new employee director.