Taiyuan Heavy Industry shareholders approve key strategic proposals

Taiyuan Heavy Industry Co., Ltd. held its fourth extraordinary general meeting of shareholders for 2025 on December 22, 2025. With 930 attendees representing 54.3601% of total voting shares, all proposals presented at the meeting were passed.

Key resolutions included the sale of a wholly-owned subsidiary, which also constitutes a related party transaction. This proposal received 92.0426% of votes in favor. Shareholders also approved the estimated daily related party transactions for 2026, with 91.1341% of votes cast in favor. The provision of non-financing guarantee limits for a wholly-owned subsidiary was also approved, garnering 99.3562% support.

Additionally, the proposal to change the registered capital and amend the "Articles of Association" was approved with an overwhelming 99.5564% of votes. Shanxi Dewei Law Firm confirmed that the meeting's convening, procedures, attendees' qualifications, and voting methods complied with relevant laws, regulations, and the company's articles of association.