Golden Dragon Development shareholders approve loan extension, governance revisions

Guangdong Golden Dragon Development Co., Ltd. announced the successful approval of all proposed resolutions at its Second Extraordinary General Meeting of Shareholders for 2025, held on September 24, 2025. Key resolutions included the extension of a loan, as well as the revision of the company’s Articles of Association, Rules of Procedure for Shareholder Meetings, Rules of Procedure for Board Meetings, and the Work System for Board Special Committees. All resolutions passed with substantial majority votes, indicating strong shareholder support.

The meeting saw 507 shareholders, representing 39.3609% of total shares, participate in person or via online voting. The resolution for the loan extension received 99.6753% approval, while the amendments to the Articles of Association garnered 99.6916% of votes. Revisions to the Rules of Procedure for Shareholder Meetings and Board Meetings also passed with similar high approval rates of 99.6884% and 99.6916%, respectively.

Shareholders also approved the revision of the Work System for Board Special Committees with 98.8753% of votes and the appointment of the accounting firm with 99.6944% approval. These approvals underscore the company’s commitment to enhanced corporate governance and operational efficiency. The updated Articles of Association, reflecting these changes, will come into effect following the shareholders' review.