Liangxin Electrical shareholders approve 2025 guarantee for subsidiaries

Shanghai Liangxin Electrical Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 9, 2025, to discuss and vote on a key resolution. The meeting, convened by the company's seventh board of directors, involved 259 shareholders and their proxies, representing 309,437,916 shares, or 28.5296% of the company's total share capital. The total share capital used for this calculation was 1,084,619,720 shares, after accounting for 38,505,300 repurchased shares.

The primary agenda item was the "Proposal on Providing Estimated Guarantee Limits for Subsidiaries in 2025." This resolution was approved with 308,896,077 votes in favor (99.8249% of present voting shares), 454,339 votes against (0.1468%), and 87,500 abstentions (0.0283%). For small and medium-sized investors, the approval rate was 98.3027%.

The meeting utilized both on-site and online voting methods, ensuring broad shareholder participation. Guohao Law Firm (Shanghai) provided a legal opinion, affirming the validity and legality of the meeting and its resolutions.