Shaoneng Group shareholders approve major stock issuance plans

Guangdong Shaoneng Group shareholders approved a series of resolutions regarding a proposed private placement of A-shares at an extraordinary general meeting.

Key resolutions received strong approval, with over 97% of votes in favor and over 60 million shares from small and medium-sized investors supporting the proposals.

The approved plans include details on the issuance method, timing, target subscribers, pricing, and use of raised funds. Shareholders also backed a three-year return plan covering 2025-2027.