Sieyuan Electric shareholders approve 2024 resolutions, including share buyback

At its 2024 annual general meeting, Sieyuan Electric's shareholders approved key resolutions, including the 2024 board and supervisory board reports, the 2024 financial statements, and the 2024 profit distribution plan. A significant focus was the approval of a share buyback plan, demonstrating confidence in the company's prospects. Shareholders authorized the board to handle matters related to the buyback. The meeting also approved the engagement of an audit firm for 2025 and amendments to the company's articles of association. Additionally, the company received approval for providing a guarantee for a subsidiary's bank financing. All resolutions passed with significant majority votes, with legal counsel affirming the meeting's compliance with relevant laws and regulations.