Hunan Silver shareholders approve key governance, business changes

Hunan Silver Corporation Limited held its second extraordinary general meeting of shareholders in 2025, with 1,830 shareholders, representing 37.0732% of voting shares, in attendance. All proposed resolutions were approved without any rejections, confirming shareholder confidence in the company's strategic direction. The meeting, held in Chenzhou City, Hunan Province, combined in-person and online voting.

Key approvals included the appointment of the 2025 audit firm, which passed with 99.8528% of valid voting shares in favor. Shareholders also approved changes to the company's business scope, the abolition of the supervisory board, and amendments to the company's articles of association, receiving 95.4063% of votes in favor. Revisions and abolition of certain corporate governance policies were also greenlit with a 95.4167% approval rate.

Additionally, shareholders approved increasing the comprehensive credit limit with financial and non-financial institutions (99.8294% in favor) and adjusted the company's share repurchase plan (99.8136% in favor). These decisions reflect a broad mandate for the company's proposed operational and structural changes. Hunan Qiyuan Law Firm confirmed that the meeting procedures and results were legally valid.