Guangdong South New Media cancels key proposals for 2025 shareholder meeting

Guangdong South New Media Co., Ltd. (stock code: 300770) has issued a supplementary notice for its first extraordinary general meeting of shareholders in 2025. The company will cancel nine proposals from the original agenda, including those related to changes in registered capital, amendments to the Articles of Association, and revisions to various governance rules such as shareholder meeting procedures and board meeting procedures. This decision stems from new policy documents recently issued by a superior state-owned asset management department.

The affected proposals, numbered 3.00 to 10.00, also covered revisions to external investment management, related party transaction management, external guarantee management, and special fundraising management systems. The company plans to refine these institutional documents in accordance with relevant regulations and will submit them for board and shareholder approval at a later, opportune time.

Despite these cancellations, the meeting's scheduled date, time, location, and equity registration date remain unchanged. The extraordinary general meeting is still set for October 10, 2025, at 3:00 PM, with the equity registration date on September 26, 2025. Remaining proposals include the 2025 semi-annual profit distribution plan and the reappointment of the 2025 accounting firm.