Shijiazhuang Changshan Beiming Technology shareholders approve loan from controlling shareholder

Shijiazhuang Changshan Beiming Technology announced the resolutions from its third extraordinary general meeting of shareholders held on October 15, 2025. The meeting, which combined in-person and online voting, saw 3,074 shareholders and proxies representing 570,204,840 shares, or 35.6686% of the company's voting capital, participate.

The key agenda item was the approval of a proposal to apply for a loan facility from the controlling shareholder, which constituted a related-party transaction. The resolution passed with 97.1759% of non-affiliated shareholders’ votes in favor (109,829,440 shares), 2.2785% against (2,575,195 shares), and 0.5456% abstaining (616,620 shares).

Among the small and medium-sized investors, 80.5976% (13,258,819 shares) voted in favor, while 15.6541% (2,575,195 shares) voted against, and 3.7483% (616,620 shares) abstained. Legal counsel from Beijing Tianyuan Law Firm affirmed the validity of the proceedings and resolutions.