Gujing Distillery shareholders approve governance changes, dividend plan

Anhui Gujing Distillery held its second extraordinary general meeting of shareholders for 2025 on September 29, 2025. The meeting, presided over by director Zhou Qingwu, saw 430 shareholders (or proxies) participate, representing 62.3187% of total voting shares. All five proposed resolutions were passed, indicating strong shareholder approval for the company's governance updates.

Key resolutions included revisions to the company's articles of association, rules of procedure for the general meeting, rules of procedure for the board of directors, and the independent director system. Additionally, shareholders approved a proposal to authorize the board of directors to formulate a mid-term dividend distribution plan. The voting results showed high approval rates across all resolutions, with "for" votes consistently above 98%.

Beijing DeHeng (Hefei) Law Offices confirmed that the meeting's convening, procedures, and resolutions complied with relevant laws and company articles, deeming them legal and valid. This strengthens the company's corporate governance framework and paves the way for future dividend distributions.