Guangdong Yuehai Feeds shareholders approve key operational proposals

Guangdong Yuehai Feeds held its fifth extraordinary general meeting of shareholders for 2025 on December 15, 2025, approving all five proposed resolutions. The meeting saw 104 shareholders and authorized representatives attend, holding 483,064,199 shares, representing 70.5049% of the company's total voting shares. Notably, 3,120,268 shares held by the company, along with 4,250,000 shares from the 2023 employee stock ownership plan and 7,479,800 shares from the 2025 plan, did not carry voting rights.

Key approvals included the "Proposal on Using Part of Idle Self-Owned Funds for Cash Management," which passed with 99.9519% of votes in favor. The "Proposal on Applying for Comprehensive Credit Line and Corresponding Guarantees from Banks for the Company and its Subsidiaries in 2026" received 99.9436% approval, and the "Proposal on Re-appointing the Accounting Firm for 2025" also passed with significant support (99.9492%).

Among small and medium-sized investors, the cash management proposal garnered 73.9160% approval, while the comprehensive credit line proposal received 69.6473%. The meeting was conducted through a combination of on-site and online voting, with lawyers from Grandall Law Firm (Shenzhen) confirming the legality and validity of the meeting procedures and resolutions.