Baiyang Investment Group shareholders approve amended charter, governance

Baiyang Investment Group (SZSE:002696) announced the successful passage of resolutions at its second extraordinary shareholders' meeting of 2025, including key amendments to the company's charter and governance policies. Shareholders representing 30.8145% of total shares voted overwhelmingly in favor of these changes, with over 99% approval for both the revised company charter and amendments to corporate governance. In a separate announcement, Baiyang disclosed that its subsidiary, Guangxi Xianghe Shun Yuan Ocean Fishing Co., Ltd., received government subsidies totaling CNY 1,219.08 million. These subsidies, classified as income-related, are expected to increase the company's 2025 profits by an equivalent amount. The subsidy underscores the company's capacity to secure financial backing and aligns with corporate objectives.