Guangdong Advertising Group shareholders approve governance amendments

Guangdong Advertising Group announced the resolutions from its first extraordinary general meeting of shareholders in 2025, held on September 15, 2025. The meeting, which combined onsite and online voting, saw significant participation, with 1,045 shareholders and proxies representing 342,983,370 shares, or 19.6740% of the company's total share capital. All five proposed resolutions, including amendments to the Articles of Association, Rules of Procedure for Shareholders' Meetings, Rules of Procedure for Board Meetings, Independent Director Work System, and Connected Transaction Management System, were approved.

The amendments to the Articles of Association passed with 99.3734% of votes in favor. Similarly, changes to the Rules of Procedure for Shareholders' Meetings received 99.3696% approval, and the Rules of Procedure for Board Meetings were approved by 99.3653% of the votes. These resolutions required special majority approval, which was met with more than two-thirds of the votes from attending shareholders and proxies.

The Independent Director Work System amendment garnered 97.7512% approval, and the Connected Transaction Management System amendment passed with 97.7691% of the votes. Guoxin Xinyang Law Firm provided a legal opinion, affirming that the meeting's convening, procedures, and resolutions complied with relevant laws and the company's articles of association, ensuring their validity and legality.