Tongyu Heavy Industry appoints Hoxin as auditor for 2025

Tongyu Heavy Industry Co., Ltd. held its fifth extraordinary general meeting of shareholders for 2025 on December 10, 2025. The meeting, chaired by Ms. Diao Hanyu, approved the proposal to appoint Hoxin Certified Public Accountants (Special General Partnership) as the company's auditor for 2025. This decision was reached through a combination of on-site and online voting.

The resolution to change the accounting firm passed with 99.6192% of the votes in favor, totaling 1,074,069,208 shares. There were 3,099,350 dissenting votes (0.2875%) and 1,006,100 abstentions (0.0933%). For small and medium investors, the approval rate was 89.9088%, with 7.6182% against and 2.4730% abstaining. The total attendance for the meeting comprised 763 shareholders, representing 1,078,174,658 shares, or 27.9581% of the company's total voting shares.

The meeting procedures and resolutions were verified by lawyers from Beijing Guofeng Law Firm, confirming compliance with relevant laws, regulations, and the company's articles of association. This marks a pivotal change in the company's governance as it moves into the new fiscal year.