Phoenix Shipping shareholders approve guarantees for affiliate institutions

Phoenix Shipping (Wuhan) Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 22, 2025. The meeting, which combined on-site and online voting, saw 513 participants representing 28.3271% of the company's total share capital, or 286,693,613 shares.

The primary agenda item, "Proposal on the Company Providing Guarantees for its Subordinate Institutions," was approved. The overall vote showed 275,636,690 shares in favor (96.1433%), 10,409,623 shares against (3.6309%), and 647,300 shares abstaining (0.2258%).

Among small and medium-sized shareholders, 7,445,638 shares voted in favor (40.2411%), 10,409,623 shares voted against (56.2604%), and 647,300 shares abstained (3.4984%). A legal opinion from Guo Hao Law Firm (Wuhan) affirmed the meeting's compliance with relevant laws and regulations.