Guolian Aquatic shareholders back subsidiary sale

Zhanjiang Guolian Aquatic Products Development Co., Ltd. (SZSE:300094) announced the resolutions from its fourth extraordinary general meeting of shareholders in 2025, held on December 24, 2025. The meeting, which combined in-person and online voting, saw 579 shareholders, representing 22,180,059 shares or 1.9660% of total voting shares, participate. No proposals were rejected during the meeting.

The central resolution, "Proposal 1.00: On the Sale of Equity in a Wholly-Owned Subsidiary and Related Transactions," received strong approval. A total of 20,746,806 shares, representing 93.5381% of the valid voting shares present, voted in favor. Opposition accounted for 1,261,153 shares (5.6860%), with 172,100 shares (0.7759%) abstaining.

The resolution also garnered significant support from small and medium shareholders, with 20,233,606 shares (93.3850%) in favor, 1,261,153 shares (5.8207%) against, and 172,100 shares (0.7943%) abstaining. The meeting's procedures and results were deemed legally valid by Sichuan Cijian (Zhanjiang) Law Firm.