Rongsheng Petro Chemical shareholders approve 2025 related-party transactions

Rongsheng Petro Chemical Co., Ltd. held its Second Extraordinary General Meeting of Shareholders for 2025 on September 16, 2025. The meeting, which combined on-site and online voting, saw a total of 523 shareholders participate, representing 7,505,955,011 shares and 78.4134% of the company's voting shares. A key agenda item was the approval of the "Proposal on Estimating Daily Related-Party Transactions for the Year 2025."

The proposal passed with significant shareholder support, receiving 6,762,009,366 votes in favor, accounting for 99.9387% of the effective voting shares present. There were 4,092,445 votes against (0.0605%) and 53,200 abstentions (0.0008%). Notably, related-party shareholders Li Shuicheng and Li Yongqing, both directors of Zhejiang Yisheng Petrochemical Co., Ltd., abstained from voting on this resolution, representing 739,800,000 shares.

Individual investors also largely supported the proposal, with 98.0057% of their effective voting shares in favor. The meeting confirmed that all procedures complied with relevant laws and regulations, as affirmed by legal opinions from Guangdong Cinda Law Firm.