Longping High-Tech shareholders approve governance updates, financial services deal

Yuan Longping High-Tech Agriculture held its 2025 fourth extraordinary general meeting of shareholders on December 11, 2025. A total of 785 shareholders, representing 36.9914% of the company's total shares, participated through in-person and online voting. All proposed resolutions passed.

Shareholders approved amendments to the "Articles of Association," with 97.8697% voting in favor. Revisions to the company's governance documents also passed, including the "Rules of Procedure for the General Meeting of Shareholders" (97.8394% in favor) and the "Rules of Procedure for the Board of Directors" (97.8371% in favor). These amendments received the necessary two-thirds majority of effective voting shares.

Additionally, the proposal to enter into a "Financial Services Agreement" with CITIC Financial Co., Ltd., a related transaction, was approved with 95.3465% voting in favor. Related parties, CITIC Agricultural Technology Co., Ltd. and CITIC Xingye Investment Group Co., Ltd., abstained from voting on this resolution.