Shenzhen SC New Energy shareholders approve capital, governance changes

Shenzhen SC New Energy Technology Corp (SZSE:300724) announced the resolutions from its fifth extraordinary general meeting held on November 12, 2025. All proposals, including a change to the company's registered capital and revisions to its articles of association, were approved. A total of 517 shareholders and their proxies, representing 96,677,295 shares or 27.8247% of the total voting shares, participated in the meeting, which combined on-site and online voting.

The resolution to change the company's registered capital and amend the articles of association passed with 95.0689% of votes in favor (91,910,089 shares), 4.8659% against (4,704,206 shares), and 0.0652% abstentions (63,000 shares). This was a special resolution requiring a two-thirds majority and was successfully carried. Small and medium investors showed strong participation, with 4,738,538 shares voting for the change, representing 49.8492% of their total votes.

Additionally, multiple revisions to the company’s governance documents were approved. These included updates to the "Rules of Procedure for Shareholder Meetings," "Rules of Procedure for Board Meetings," "Related Party Transaction Management System," "External Guarantees Management System," "External Investment Management System," "Fundraising Management System," "Independent Director Work System," "Online Voting Implementation Rules for Shareholder Meetings," and "Accountant Selection System." Each of these proposals received over 91.8m votes in favor, representing more than 95% of the total valid voting shares. The resolutions concerning the "Rules of Procedure for Shareholder Meetings" and "Rules of Procedure for Board Meetings" were also special resolutions and passed accordingly.