Shanxi Zhangze Electric Power shareholders back subsidiary financing guarantees

Shanxi Zhangze Electric Power Co., Ltd. held its fifth extraordinary general meeting of shareholders for 2025 on December 4, 2025. The meeting, convened by the company's board of directors, involved both in-person and online voting. A total of 455 shareholders, representing 1,232,430,864 shares or 40.0538% of the company's voting capital, participated.

The primary resolution, "Proposal on Providing Financing Guarantees for Subsidiaries," was approved with significant support. Overall, 1,220,247,800 shares (99.0115%) voted in favor, 11,742,163 shares (0.9528%) opposed, and 440,901 shares (0.0358%) abstained. Among small and medium shareholders, 15,463,990 shares (55.9336%) approved the proposal, while 11,742,163 shares (42.4717%) opposed it, and 440,901 shares (1.5947%) abstained.

The meeting procedures, shareholder qualifications, and voting results were verified by Shanxi Huaju Law Firm, which confirmed the legality and validity of the resolutions. The board’s decision was communicated via an announcement on November 19, 2025, ensuring all shareholders were informed.