Zhongtong Bus approves 2025 related transactions, sets shareholder meeting

Zhongtong Bus Holding (SZSE:000957) has announced the resolutions passed at its 11th Board of Directors' 10th meeting, including the approval of projected related party transactions for 2025, and has scheduled its first extraordinary general meeting of 2025 for March 21. The board approved the 2025 related transactions with 5 votes in favor and one abstention from related director Zhang Yan. The upcoming shareholder meeting will be conducted via a combination of on-site and online voting. Separately, the company released its production and sales figures for February 2025, showing a decrease in production by 18.22% year-over-year, but an increase in sales by 9.84%. Specifically, production of large buses decreased by 46.03%, sales of large buses decreased by 28.08%, while the production and sales of medium-sized buses increased by 59.89% and 274.73% respectively. The company cautioned against extrapolating overall business performance solely from these figures.