Shaoneng Group approves guarantee for subsidiary at shareholder meeting

Guangdong Shaoneng Group (SZSE:000601) announced the resolution of its second extraordinary general meeting of shareholders for 2025, where a key proposal regarding a guarantee for its subsidiary, Shaoneng Group Shaoguan Hongda Gear Co., Ltd., was approved. The resolution passed with 392,272,934 votes in favor, representing 98.8502% of the voting rights present at the meeting. 3,903,312 votes were against the proposal and 659,700 votes abstained. The meeting, convened in Shaoguan City and accessible via online voting, saw participation from 1,232 shareholders and proxies representing 396,835,946 shares, or 36.7253% of the company's total voting shares. The legal validity of the meeting was affirmed by legal counsel from Beijing Kangda (Guangzhou) Law Firm.