Shengda Forestry shareholders approve extensive corporate governance revisions

Sichuan Shengda Forestry Industry Co., Ltd. held its first extraordinary general meeting of shareholders in 2025, approving thirteen proposals. The meeting, convened on September 23, 2025, saw 124 shareholders representing 222,754,555 shares, or 29.6087% of total voting shares, participate. Key approvals included revisions to the Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules, each receiving over 98% of votes in favor.

Additional proposals passed included updates to the Management System for Raised Funds, Independent Director Work System, External Investment Management System, External Guarantee Management System, and Related Party Transaction Management System. These resolutions also received strong shareholder support, with votes in favor ranging from 98.88% to 98.93%.

Furthermore, shareholders approved revisions to the Compensation and Performance Appraisal System for Directors and Senior Management Personnel, the Investor Relations Management System, the Information Disclosure Management System, and the Board Secretary Work System. The meeting also saw the election of You Xin Quan as an independent director to the seventh board of directors. These governance enhancements are expected to streamline operations and strengthen oversight within the company.