Shandong Oriental Ocean Sci-Tech shareholders approve governance amendments

Shandong Oriental Ocean Sci-Tech Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on October 24, 2025. Shareholders approved all six proposals, including revisions to the articles of association, shareholder meeting rules, board of directors meeting rules, cumulative voting implementation rules, and connected transactions decision-making system. The company also secured approval for the re-appointment of its accounting firm.

The proposal to revise the articles of association, a special resolution, passed with 99.3882% of votes in favor. The other five proposals, being ordinary resolutions, each received over 99% approval. This strong mandate reflects broad shareholder support for the proposed governance updates.

The meeting saw participation from 548 shareholders, representing 22.4514% of the total voting shares, amounting to 439,810,893 shares. Independent legal counsel from Shandong Xintong Law Firm affirmed the meeting's compliance with relevant laws and regulations, validating the legitimacy of the proceedings and results.