Fujian Star-net shareholders approve new non-independent director

Fujian Star-net Communication Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on September 22, 2025, which included both in-person and online voting. The meeting saw 378 shareholders, representing 264,865,742 shares or 45.4421% of total voting shares, participate.

The key resolution, "Proposal on the election of a non-independent director for the seventh board of directors," was approved with a significant majority. A total of 260,481,531 shares, or 98.3447% of the total effective voting shares present, voted in favor. Opposition accounted for 4,349,911 shares (1.6423%), with 34,300 shares abstaining.

For small and medium-sized investors, the resolution passed with 105,929,581 shares (96.0257%) in favor, 4,349,911 shares (3.9432%) against, and 34,300 shares (0.0311%) abstaining. Legal counsel from Fujian Zhili Law Firm confirmed that the meeting's convening, procedures, and resolutions were valid and in compliance with relevant regulations.