Shenzhen Sinexcel shareholders approve capital change, governance updates

Shenzhen Sinexcel Electric held its second extraordinary general meeting of shareholders for 2025 on September 4, 2025. A total of 228 shareholders, representing 62,756,291 shares, or 20.1114% of the company's exercisable voting shares, participated in the meeting.

The most significant resolution, "Regarding the change in registered capital and revision of the Articles of Association," was overwhelmingly approved with 62,644,968 votes (99.8226% in favor). Additionally, a series of proposals to revise and formulate various corporate governance documents were passed, including updates to the "Shareholder Meeting Rules," "Board Meeting Rules," and the "Independent Director Special Meeting System," with approval rates generally exceeding 92%.

Resolutions concerning related party transactions, fundraising management, and prevention of capital occupation by controlling shareholders also received strong shareholder backing. For example, the "Revision of the Related Party Transaction Management Measures" passed with 92.6571% of votes in favor.