Sungrow Power shareholders approve H-share listing, capital plans
Sungrow Power Supply Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on September 30, 2025, passing key resolutions without opposition. Shareholders approved the company's plan to issue H-shares and list them on the Hong Kong Stock Exchange, encompassing all related proposals including the listing venue, share type, issuance timing, method, scale, pricing, and distribution principles. Additionally, resolutions for converting into an overseas-listed joint-stock company and authorizing the board to handle H-share issuance matters were approved.
Further decisions included the approval of the 2025 semi-annual profit distribution plan and the permanent replenishment of working capital using surplus raised funds. The meeting also addressed the company's governance framework by passing resolutions on the validity period of the H-share listing resolution, the use of raised funds, board roles, and revisions to company articles and governance policies.
In a related announcement, controlling shareholder Cao Renxian extended the pledge of 5.88m shares, representing 0.93% of his holdings and 0.28% of the company's total share capital. This extension, until September 24, 2026, is for personal capital needs and does not involve major asset restructuring or performance compensation obligations. As of the disclosure date, Cao Renxian and his concerted parties had 26.29m pledged shares, accounting for 4.16% of his total holdings and 1.27% of Sungrow Power's share capital, with no identified liquidation risk.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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