Henan Yicheng shareholders approve financing guarantees for subsidiaries

Henan Yicheng New Energy held its fifth extraordinary general meeting of shareholders on December 16, 2025, with both on-site and online voting. The meeting saw 214 shareholders and representatives, holding 1,083,669,216 shares, or 57.8457% of the total voting shares, participate. Notably, 212 small and medium-sized shareholders, representing 77,878,445 shares or 4.1571%, also attended.

The key resolution, "Proposal on Providing Financing Guarantees for Subsidiaries," was passed with significant support. A total of 1,079,257,416 shares, representing 99.5929% of non-affiliated shareholders present, voted in favor. There were 4,240,800 shares (0.3913%) against, and 171,000 shares (0.0158%) abstained. Among small and medium-sized shareholders, 73,466,645 shares (94.3350%) voted for the proposal.

The meeting procedures were confirmed to be compliant with relevant laws and regulations by Beijing Haotian (Shanghai) Law Firm, whose lawyers, Zhu Feng and Li Danggui, issued a legal opinion confirming the validity of the meeting's convening, attendance, and voting processes. The approval signifies a strategic move to support the financial operations of the company's subsidiaries.