GRG Banking approves charter revisions, announces board resignation

GRG Banking Equipment Co. (SZSE:002152) successfully conducted its first extraordinary general meeting of 2025 on September 17. The meeting, which had 51.7860% of voting shares represented by 735 shareholders, approved all eight special resolution proposals. These included revisions to the company charter, shareholders' meeting rules, board of directors' meeting rules, independent directors' work rules, related party transactions management system, external guarantee system, fundraising management measures, and cumulative voting system implementation rules. All resolutions were passed with over two-thirds of the voting rights.

The meeting combined on-site and online voting, with 1,243,733,785 shares participating on-site and 42,311,264 shares via online platforms. All resolutions were approved with a significant majority, with approval rates for individual proposals ranging from 98.0832% to 98.1942%. The legal opinion from Guangdong ETR Law Firm confirmed the meeting's compliance with laws and company articles.

Concurrently, GRG Banking announced that board member Huang Jiyuan submitted a written resignation on September 17, 2025, citing personal reasons. Mr. Huang does not hold any shares in the company and will not assume any other positions within GRG Banking after his resignation. The board confirmed his departure would not affect normal operations.