Vanke's 2024 shareholder meeting clears key proposals, elects directors

China Vanke (SZSE: 000002) successfully concluded its 2024 annual shareholder meeting, approving all 12 proposed resolutions. Key items included the review of the 2024 Board and Supervisory Committee reports, the 2024 profit distribution plan, and authorizations for the company and its subsidiaries to provide financial assistance and guarantees. Shareholders also approved the election of directors and the engagement of a new accounting firm for 2025. The meeting, held in Shenzhen, combined on-site and online voting, with legal opinions provided by Sundial Law Firm affirming the legitimacy of the proceedings and vote outcomes. All procedures adhered to the Company Law, Rules for Shareholders' Meetings, and Vanke's articles of association. Key resolutions including the approval to provide financial assistance passed, indicating shareholder confidence in the company's strategic initiatives and financial stability.