Shengda packaging elects new leadership, approves related party deals

Zhejiang Great Shengda Packaging Co., Ltd. held its third extraordinary general meeting in 2025 on December 22, 2025, where shareholders approved the appointment of new board members and several key proposals. The meeting saw the election of a new fourth board of directors, including Fang Nengbin as chairman and Fang Congyi as an executive director and legal representative. Shareholder votes also supported Fang Congyi as chief executive officer, Shu Kuiming, Sun Junjun, Song Kun, and Hu Xin as vice presidents, and Wang Huohong as vice president and chief financial officer. Hu Xin was also appointed board secretary, and Xu Hongying as securities affairs representative.

The general meeting also approved the company’s related party transactions for 2026, with 90.3750% of non-related shareholders voting in favor. Fees for independent directors were approved by a majority of 99.9252%. Furthermore, resolutions for new compensation management policies for directors and senior management, and the election of members to various board committees, including the nomination, audit, compensation & assessment, and strategy committees, were passed. Hangzhou Xinshengda Investment Co., Ltd., a related party, abstained from voting on related transactions.