Zoomlion elects employee representative director, approves key proposals

Zoomlion Heavy Industry Science And Technology held its first extraordinary general meeting, A-share, and H-share class meetings for 2025 on December 11, electing Liu Xiaoping as an employee representative director. His term began on December 11, 2025, and will last until the conclusion of the seventh session of the board. All proposals discussed, including the 2025 interim dividend distribution plan and amendments to company articles and rules, were approved.

The company's board, independent directors, and shareholders, including those holding 1% or more of the shares, were authorized to propose and vote on these matters. The approved resolutions cover significant changes such as adjustments to related party transaction policies, the issuance of H-share convertible bonds, and modifications to the company's articles of association, rules of procedure for shareholder meetings, and rules of procedure for board meetings. The legal opinion confirmed that the meeting procedures and resolutions were valid and effective.