Qingdao Hanhe Cable shareholders approve governance revisions

Qingdao Hanhe Cable held its first extraordinary general meeting of shareholders for 2025 on November 27, 2025, with both on-site and online voting. The meeting saw 357 shareholders representing 2,243,889,298 shares, or 67.4490% of total voting shares, in attendance. There were no rejections of proposals.

The primary agenda included multiple proposals to revise company governance documents. Shareholders approved the "Proposal on Revising the Articles of Association" with 99.8802% of votes in favor. Significant support was also shown for "Proposals on Revising and Formulating Company-Related Governance Systems," encompassing amendments to rules governing shareholder meetings, board meetings, independent directors, external guarantees, external investments, fundraising management, risk investment management, related party transactions, and information disclosure. These proposals each received over 99% approval, demonstrating strong shareholder confidence in the proposed changes.

Specifically, the "Proposal on Revising the Rules of Procedure for Shareholder Meetings" passed with 99.0869% approval, while the "Proposal on Revising the Rules of Procedure for Board Meetings" received 99.0864% in favor. The "Proposal on Formulating the Remuneration Management System for Directors and Senior Management Personnel" also passed with 99.8640% of votes. The legal opinion confirmed that all procedures and resolutions of the meeting complied with relevant laws and regulations, rendering the results legal and valid.