Xinbao amends articles, approves profit distribution and governance updates

Guangdong Xinbao Electrical Appliances Holdings announced the approval of several key proposals during its First Extraordinary General Meeting of 2025 on September 18, 2025. Shareholders ratified the 2025 interim profit distribution plan, amendments to the company's articles of association, and updates to various corporate governance policies.

These changes include a revised "Articles of Association" document, dated September 2025, which outlines updated company policies and operational guidelines. Additionally, a new "Management Measures for Connected Transactions" was approved, standardizing the company's approach to related party transactions, emphasizing fairness and transparency, and establishing clear decision-making processes and disclosure requirements.

Shareholders also approved revised "Management Measures for Raised Funds," detailing the handling of capital from securities issuance, ensuring dedicated use for committed projects, and outlining protocols for any changes in use or investment of these funds. These comprehensive updates aim to enhance corporate governance and ensure compliance with regulatory standards.