Changshan Beiming shareholders approve asset swap, appoint auditor

Shijiazhuang Changshan Beiming Technology held its fourth extraordinary general meeting of shareholders on November 10, 2025. The meeting saw the approval of three key proposals, with 2,971 shareholders, representing 35.6624% of the voting rights, participating through a combination of on-site and online voting.

The "Proposal on the Adjustment Plan for Asset Swap and Connected Transactions" was passed with 98.9551% of non-affiliated shareholders voting in favor. The "Proposal on Signing Relevant Agreements for the Asset Swap and Connected Transactions Adjustment Plan" also received overwhelming support, with 98.9562% of non-affiliated shareholders approving it. Both proposals involved connected transactions, leading to the recusal of related party Shijiazhuang Changshan Textile Group Co., Ltd.

Finally, the "Proposal on Appointing the Accounting Firm" was approved by 99.7929% of all attending shareholders. Lawyers Chen Huizhen and Yang Xi of Beijing Tianyuan Law Firm confirmed that the meeting's convening and procedures adhered to all relevant laws and regulations.