Shandong Humon Smelting shareholders approve credit line increase for 2025

Shandong Humon Smelting Co., Ltd. announced resolutions from its Fifth Extraordinary General Meeting of Shareholders in 2025, held on November 12, 2025. Shareholders approved a proposal to increase the company's comprehensive credit limit with banks and other financial institutions for 2025. The resolution garnered 644,724,761 votes in favor, representing 99.7519% of total effective voting shares present. There were 1,566,103 votes against (0.2423%) and 37,378 abstentions (0.0058%).

The meeting saw 393 shareholders attend, either in person or via online voting, representing 48.7323% of the company's total voting shares. Among these, 389 small and medium investors participated, accounting for 1.5869% of total voting shares. Small and medium investors also largely supported the resolution, with 92.3811% in favor.

The meeting was convened by the company's board of directors and presided over by chairman Mr. Xiao Xiaojun. Legal counsel from Shanghai Jin Tiancheng Law Firm confirmed that the meeting's procedures and resolutions were legally valid and effective, adhering to relevant laws and company articles of association.