Zhejiang Satellite Petrochemical shareholders approve bylaw revisions, elect new vice chairman

Zhejiang Satellite Petrochemical held its first extraordinary general meeting of shareholders for 2025 on November 10, approving key resolutions including amendments to its articles of association, shareholder meeting rules, and board of directors meeting rules. The resolution to revise the articles of association received 99.9302% of votes in favor, while the shareholder meeting rules and board of directors meeting rules garnered 93.4836% and 93.4778% approval respectively, all passing as special resolutions. Additionally, the re-appointment of the accounting firm was approved with 99.0760% of votes in favor.

Concurrently, the company's fifth board of directors held its thirteenth meeting on November 10, electing Ms. Yang Yuying as the vice chairman of the fifth board of directors. Ms. Yang, also an employee representative director, will serve until the current board's term expires. Her appointment was unanimously approved by the board.

Furthermore, Ms. Yang Yuying was elected as a member of the remuneration and assessment committee. The board also confirmed the members and convenor of the audit committee, which consists entirely of independent directors, with Ms. Wu Yi serving as the convenor and a qualified accounting professional. All board resolutions received unanimous approval from the nine directors.