Jolywood(Suzhou)Sunwatt shareholders approve rule revisions at extraordinary meeting

Jolywood(Suzhou)Sunwatt Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 11, 2025. The meeting, which combined on-site and online voting, saw 348 shareholders and their proxies representing 304,303,820 shares, or 27.9273% of total voting shares, in attendance. All proposals presented at the meeting were passed without rejection, including revisions to the company's articles of association and other internal regulations.

One key resolution involved the amendment of the articles of association, which received 302,705,631 votes in favor (99.4748%), 1,388,489 votes against (0.4563%), and 209,700 abstentions (0.0689%). This resolution was passed as a special resolution, requiring approval from two-thirds or more of the voting shares.

Additionally, revisions to the "Shareholder Meeting Rules" and "Board of Directors Meeting Rules" were approved with similar strong support, passing as special resolutions. The "Cumulative Voting System" amendment passed as an ordinary resolution with over half of the voting shares in favor. Guohao Law Firm (Hangzhou) verified the meeting's compliance with relevant laws and regulations.