Zhongtong Bus shareholders approve business scope expansion

Zhongtong Bus Holding Co. held its second extraordinary general meeting of shareholders for 2025 on September 12, 2025, with 494 shareholders representing 142,173,608 voting shares, or 23.98% of total outstanding shares, in attendance. The meeting, chaired by chairman Wang Xingfu, approved a change in business scope. New activities include third-party medical device sales, smart vehicle equipment manufacturing and sales, and various other industrial services, alongside modifications to the company's Articles of Association.

Shareholders also approved revisions to the "Rules of Procedure for the General Meeting of Shareholders" and the "Rules of Procedure for the Board of Directors," aligning the company’s governance with the expanded business objectives. All proposals, including the business scope change and revisions to both sets of rules, passed with more than two-thirds of the effective voting shares, demonstrating strong investor confidence. Legal opinions confirmed the legality and validity of the meeting's convening and resolution procedures.