Changsheng Sliding Bearings shareholders approve profit distribution, investment adjustments

Zhejiang Changsheng Sliding Bearings successfully held its first extraordinary general meeting of shareholders for 2025 on September 18, 2025. The meeting, convened by the board of directors and witnessed by Beijing Jingtian & Gongcheng Law Firm, saw 520 shareholders and proxies representing 61.7465% of total voting shares participate through a combination of on-site and online voting.

Shareholders approved the "Proposal on the 2025 Half-Year Profit Distribution Plan" with 99.9562% of votes in favor. Additionally, the "Proposal on Adjusting the Authorization Period for Purchasing Wealth Management Products with Idle Own Funds" was passed with 99.8936% approval. Both proposals received over half of the voting shares present, indicating strong shareholder support.

The meeting procedures, attendees' qualifications, and voting results were all confirmed as legal and valid by the witnessing law firm, ensuring compliance with relevant laws and the company's articles of association.