Jingxing Paper shareholders approve guarantee for Malaysian unit, capital changes

Zhejiang Jingxing Paper Joint Stock Company held its fourth extraordinary general meeting of shareholders on December 4, 2025. The meeting, which included both on-site attendance and online voting, saw no proposals rejected and no prior resolutions changed. A total of 1,573 shareholders, representing 193,364,044 voting shares (13.1107% of total voting shares), participated.

Shareholders approved a proposal for providing a guarantee to the wholly-owned subsidiary, Jingxing Holdings (Malaysia) Co., Ltd. This resolution passed with 97.5918% of votes in favor (188,707,482 shares). Additionally, a proposal to change the registered capital and amend the company's articles of association was approved with 97.9560% of votes in favor (189,411,587 shares). Both were considered special resolutions and achieved the required two-thirds majority.

The meeting's proceedings, including the convening and conducting procedures, the qualifications of attendees, and the validity of the resolutions, were confirmed to be in compliance with relevant laws and company articles by Shanghai Tongli Law Firm.