China Fortune Land Development adjusts shareholder meeting agenda after Ping An proposal

China Fortune Land Development (SSE:600340) announced adjustments to its "Rules of Procedure for Shareholder Meetings" on December 24, 2025. These revisions, approved by the board, stem from an urgent proposal submitted by major shareholder China Ping An Life Insurance Co. on December 21, 2025.

The revised "Rules of Procedure for Shareholder Meetings" specifically adjust approval thresholds for certain guarantees. External guarantees not covered by Article 47 of the company's articles of association now require approval from two-thirds of the board members present, previously requiring a simple majority. The chairman’s direct approval limits for various transaction values, such as asset value, net asset value of assets involved (for equity), and transaction amount, remain at 10% of the relevant financial metric.

As a result of these adjustments, the original agenda for the 2025 third extraordinary general meeting scheduled for December 31, 2025, has been modified. The board resolved to cancel the initial "Proposal on Revising the Rules of Procedure for Shareholder Meetings" and will instead present the newly adjusted version for shareholder consideration. Other agenda items, including the proposal to cancel the supervisory board, change registered capital, and amend the articles of association, remain unchanged.