Hainan Shennong Technology shareholders approve governance framework changes

Hainan Shennong Technology held its second extraordinary general meeting of shareholders for 2025 on November 14, 2025. The meeting, convened by the board of directors and chaired by Ms. Cao Oujie, saw 425 shareholders representing 189,518,051 shares (18.5076% of total voting shares) participate, exclusively through online voting. All resolutions presented, including revisions to the Company Charter, Board of Directors' Rules of Procedure, Shareholders' Rules of Procedure, and various corporate governance policies, were passed without rejections.

Key approved revisions encompassed the "Independent Director Work System," "Related Party Transaction Decision-making System," "External Investment Management Measures," "Cumulative Voting System Implementation Rules," "Financing and External Guarantees Management System," "Fundraising Management System," "Management System for Directors and Senior Management Holding Company Shares and Changes Therein," "Remuneration Management System for Directors and Senior Management," and "Behavioral Norms for Controlling Shareholders and Actual Controllers."

Specifically, the revisions to the Company Charter, Board of Directors' Rules of Procedure, and Shareholders' Rules of Procedure, which required a two-thirds majority, were successfully approved by the attending shareholders. The strong support for these governance updates highlights the company’s commitment to strengthening its internal controls and operational transparency.