Huludao Zinc Industry shareholders back hedging and related-party transactions

Huludao Zinc Industry Company Limited held its second extraordinary general meeting of shareholders on December 9, 2025. All proposed resolutions were passed without rejections, with 612 shareholders representing 359,633,244 shares, or 22.2596% of the company's total shares, participating.

Shareholders approved the increase in the 2025 futures hedging business quota, with 99.0596% of votes in favor. The proposal for the 2026 futures hedging business received 99.0370% of votes in favor. The forecast for routine related-party transactions in 2026 was approved by non-affiliated shareholders, with 84.7727% of votes supporting the measure. Related-party shareholder China Minmetals Huludao Nonferrous Metals Group Co., Ltd. abstained from this vote.

Beijing Hairun Tianrui Law Firm deemed the meeting procedures, attendee qualifications, and resolutions legitimate and effective.