Huachang Chemical shareholders approve financial aid to joint venture

Jiangsu Huachang Chemical Co., Ltd. announced resolutions from its second extraordinary general meeting of shareholders in 2025, held on September 11, 2025. The meeting, which combined on-site and online voting, saw 382 shareholders representing 407,952,283 shares, or 42.8357% of total voting shares, participate. There were no rejected proposals or changes to previous shareholder resolutions.

The key agenda item, "Proposal 1.00: Proposal on providing financial assistance to a joint venture and connected transactions," was approved with significant support. Overall, 401,441,732 shares, or 98.4041% of attending shares, voted in favor, while 6,173,951 shares (1.5134%) opposed the motion, and 336,600 shares (0.0825%) abstained.

Among small and medium-sized shareholders, 12,173,015 shares (65.1536%) voted in favor, 6,173,951 shares (33.0448%) voted against, and 336,600 shares (1.8016%) abstained. Guohao Law Firm (Shanghai) attested that the meeting's convening, conduct, and voting procedures complied with relevant laws, regulations, and the company's articles of association, ensuring the legality and validity of the results.