Fujian Yongan Forestry approves new shareholder return plan, governance updates

Fujian Yongan Forestry Group Joint-Stock Company passed a Shareholder Return Plan for 2025-2027 at its Extraordinary General Meeting on September 18, 2025. This plan, effective from the approval date, outlines the company's commitment to continuous, stable dividends and improved investor relations. The company plans to prioritize cash dividends, with minimum payout ratios based on development stage and capital expenditure, ranging from 20% to 80% of distributed profits in various scenarios.

The meeting also saw the approval of revisions to the company’s articles of association, shareholder meeting rules, and independent director work system. These updates aim to enhance corporate governance, improve transparency, and streamline operational procedures, ensuring alignment with current legal and regulatory requirements. The revisions to the articles of association, for example, clarify several definitions and operational guidelines, strengthening the overall framework for corporate conduct.

All proposals, including the shareholder return plan and governance document revisions, were approved with a significant majority of votes from both general and small and medium shareholders. For instance, the shareholder return plan garnered 99.2306% approval from total effective shares and 90.9267% from small and medium shareholders. These comprehensive updates signal the company's dedication to robust governance and investor-focused strategies for the upcoming three-year period.