Yanhua Smartech shareholders approve key governance revisions

Shanghai Yanhua Smartech Group (002178) held its first extraordinary general meeting of shareholders for 2025 on November 20, 2025, with no proposals rejected, indicating strong shareholder consensus. The meeting saw 654 participants, representing 223,919,613 shares, or 31.4426% of the company's total share capital. Of these, two shareholders participated in person, holding 191,372,857 shares, while 652 shareholders cast their votes online, representing 32,546,756 shares.

Key resolutions included the approval of revisions to the "Articles of Association" with 99.8331% of votes in favor, a special resolution requiring over two-thirds approval. Additionally, a suite of ten sub-proposals related to amending and establishing various company policies were passed. These covered revisions to the "Rules of Procedure for Shareholder Meetings," "Rules of Procedure for Board Meetings," "Independent Director System," and "External Guarantee System," among others.

All ten sub-proposals received majority approval, with "Revisions to the Rules of Procedure for Shareholder Meetings" passing with 99.8127% of votes. The "Appointment of the Company's 2025 Financial Audit Institution" also secured approval with 99.8154% of votes in favor. The meeting and its resolutions were deemed legally compliant by Beijing Two High (Shanghai) Law Firm.