CGN Power shareholders approve acquisitions, but H-share holders reject rule changes

CGN Power Co., Ltd. held its 2025 First Extraordinary General Meeting, 2025 Second A-Share Class Meeting, and 2025 Second H-Share Class Meeting on October 16, 2025. During the Extraordinary General Meeting, shareholders approved resolutions regarding the acquisition of equity in four companies, including Huizhou Company, and the revision of the annual transaction cap for continuing connected transactions. These resolutions garnered significant support, with 99.97% and 99.96% of total votes in favor, respectively.

However, a divergence in voting outcomes emerged between A-share and H-share class meetings for special resolutions. A-share holders approved proposals to amend the Articles of Association and Rules of Procedure concerning "Class Meetings of Shareholders" with over two-thirds majority. Specifically, A-share votes in favor for these two amendments were 99.18% and 99.19% respectively.

Conversely, H-share holders did not pass these special resolutions. The proposed amendments to the Articles of Association related to "Class Meetings of Shareholders" received 62.69% in favor from H-share holders, and the amendments to the Rules of Procedure for "Class Meetings of Shareholders" received 62.14% in favor, falling short of the required two-thirds majority. The board noted that the failed resolutions do not impact the company's daily operations.