Sun Paper shareholders approve governance adjustments, board expansion

Shandong Sun Paper Co., Ltd. (SZSE:002078) held its first extraordinary general meeting of shareholders for 2025 on September 17, 2025. The meeting, presided over by chairman Li Na, saw 417 shareholders representing 1,659,422,081 shares, or 59.3810% of total voting shares, participate through a combination of on-site and online voting. All proposed resolutions were passed.

Key resolutions included the approval of an adjustment to the company's governance structure and revisions to the Articles of Association, which passed as a special resolution with 99.9131% of votes in favor. Additionally, shareholders approved a proposal to add a non-independent director to the ninth session of the board of directors, receiving 99.8769% of votes in favor.

The meeting also saw the approval of several revisions to company governance documents, including the Rules of Procedure for Shareholder Meetings, Board of Directors, Independent Directors' Work System, and policies on fundraising, dividend management, and related-party transactions. Beijing Deheng Law Firm provided legal counsel, confirming the meeting's compliance with relevant laws and regulations.