Zhonghua Geotechnical shareholders back key related party transactions

China Zhonghua Geotechnical Engineering Group Co., Ltd. held its fourth extraordinary general meeting of shareholders on October 9, 2025, approving two key proposals concerning related party transactions. The meeting saw 1,295 shareholders, representing 74,335,855 shares or 4.1158% of total voting shares, participate.

The proposal to increase collateral for the company's borrowing from the controlling shareholder was passed with 71,629,223 affirmative votes, accounting for 96.3589% of effective votes. Similarly, the resolution regarding the controlling shareholder providing a counter-guarantee for additional anti-guarantee assets was approved with 71,636,273 votes, or 96.3684% of effective votes. Both proposals, classified as special resolutions, received more than two-thirds of the effective votes from attending shareholders.

Minority shareholders' voting also reflected strong support, with 83.8625% in favor of increased collateral and 83.9045% for the counter-guarantee. The controlling shareholder, Chengdu Xingcheng Investment Group Co., Ltd., abstained from voting on both related party transactions as required. The meeting procedures and results were deemed legal and valid by Guohao Law Firm (Hangzhou).