Motic (Xiamen) Electric shareholders approve governance overhaul and audit appointments

Motic (Xiamen) Electric Group (SZSE:300341) held its second extraordinary general meeting of shareholders on December 5, 2025, where all 12 proposed resolutions were approved. The meeting saw 238 shareholders and representatives attend, holding 205,839,098 voting shares, representing 40.6212% of the company's total voting shares.

Key approvals included revisions to the "Articles of Association," "Shareholder Meeting Rules of Procedure," "Board of Directors Rules of Procedure," "Independent Director System," "Related Party Transaction Decision-Making System," and "External Guarantee Management System." All these resolutions passed with over 98.8% of the votes in favor. For example, the revision to the "Articles of Association" received 203,549,369 votes in favor (98.8876%).

Additionally, shareholders approved the appointment of the 2025 financial report and internal control audit institutions, and elected new independent and non-independent directors to the fifth board of directors. The resolution regarding audit institutions received 205,361,098 votes in favor (99.7678%). The meeting also passed the cancellation of the "Supervisory Board Rules of Procedure."