Chint Electrics shareholders approve guarantees, related party transactions

Zhejiang Chint Electrics Co., Ltd. held its fourth extraordinary general meeting of shareholders for 2025 on December 26, 2025. The meeting, chaired by director Zhu Xinmin, saw 701 shareholders and proxies attend, representing 64.7333% of total voting shares, and approved all proposed resolutions, including significant financial matters.

Shareholders overwhelmingly passed the proposal to provide guarantees for an associated company, with 99.9278% of A-share votes in favor. This resolution also saw 99.5431% of votes from shareholders holding less than 5% of shares in favor.

Furthermore, the meeting approved the 2026 forecast for routine related party transactions and the 2026 forecast for procurement of photovoltaic modules from related parties. Both resolutions passed with strong support from A-shareholders, receiving 99.7496% and 99.7633% of votes respectively. Related shareholders abstained from voting on these two proposals, as confirmed by Beijing King & Wood Mallesons Law Firm, which validated the meeting's legality and procedures.