Hengyi Petrochemical shareholders approve governance changes, related party transactions

Hengyi Petrochemical Co., Ltd. successfully convened its second extraordinary general meeting of shareholders in 2025 on September 3, 2025. Shareholders approved significant changes, including amendments to the company's registered capital, domicile, business scope, and the Articles of Association, with 99.2461% of votes in favor. This decision was a special resolution requiring a two-thirds majority.

The meeting also saw the approval of several new, revised, and repealed corporate governance rules, such as amendments to the Rules of Procedure for Shareholders' Meetings and Boards of Directors, and the abolition of the Rules of Procedure for Supervisory Boards. Additionally, shareholders ratified the estimated amounts for 2025 daily related party transactions, encompassing the procurement of goods and raw materials, sales of goods and products, and procurement of services, with 99.6860% of votes in favor.

Concurrently, the company announced the election of Ms. Luo Dan as the employee representative director for the twelfth board of directors, effective from September 3, 2025, until the term expires. Ms. Luo Dan, born in September 1983, previously served as the general manager of the Investment Management Department and holds no company shares.