Sinoma Science & Technology shareholders approve key proposals at EGM

Sinoma Science & Technology's second extraordinary general meeting of shareholders for 2025, held on November 24, 2025, saw the approval of all proposed resolutions. The meeting, attended by shareholders representing 70.8029% of total voting shares, adopted resolutions via a combination of on-site and online voting.

A significant agenda item was the related-party transaction concerning financial services with China National Building Material Group Co., Ltd., which was approved with 97.3571% of votes in favor from non-related shareholders. Additionally, proposals for the chairman's 2024 assessment and 2025 monthly compensation scheme were passed with 99.9167% of votes.

Several sub-proposals related to the company's 2025 private placement of A-shares were also approved, each receiving over two-thirds of the effective voting shares. These included the eligibility criteria for the private placement, the issuance plan, and related measures such as the pricing basis, issuance size, and lock-up period. The overall private placement pre-plan and a report on the feasibility of using raised funds were also passed.