Huasheng Tianlong approves related party transaction at shareholder meeting

Jiangsu Huasheng Tianlong Photoelectric announced the resolutions passed at its first extraordinary general meeting of shareholders for 2025. The meeting, held on April 9, 2025, through a combination of on-site and online voting, saw 92 shareholders and proxies representing 14.67% of the company's shares participating. A key resolution passed concerned the approval of a daily operating contract and related-party transaction, with 95.30% of voting shareholders in favor. The meeting was legally sound, according to the legal counsel, and in accordance with relevant laws, regulations, and the company's articles of association. The company's board of directors convened the meeting, and Chairman Guo Tairan presided.