Jiangsu Huasheng Tianlong shareholders approve governance changes, reappoint auditor

Jiangsu Huasheng Tianlong Photoelectric held its second extraordinary general meeting of shareholders for 2025 on November 11, 2025, where key resolutions regarding corporate governance and operations were passed. A total of 140 shareholders and proxies, representing 45,428,536 shares or 22.6569% of voting rights, participated in the meeting.

A significant outcome was the approval of the "Resolution on Amending the Articles of Association and Handling Industrial and Commercial Change Registration," which garnered 96.4097% of votes. Additionally, shareholders approved several revisions to internal governance policies, including the "Shareholder Meeting Rules," "Board of Directors Meeting Rules," "Independent Director Work System," "External Guarantee Management System," "External Investment Management System," "Related Party Transaction Decision-Making System," "Management System for Regulating Capital Movements with Related Parties," "Cumulative Voting Implementation Rules," "Fundraising Management Requirements," and "Entrusted Wealth Management System," all passing with 96.3859% approval.

Furthermore, the "Resolution on the Signing of Daily Operating Contracts and Related Party Transactions by Wholly-Owned Subsidiaries" was passed with 91.7205% in favor, while Great Holdings Co., Ltd., a related party, abstained from voting. The re-appointment of the accounting firm also received strong approval, with 96.3639% of votes in favor.