Jingxing Paper shareholders approve guarantee for Malaysian subsidiary

Zhejiang Jingxing Paper Joint Stock Company held its fifth extraordinary general meeting of shareholders in 2025 on December 24, 2025. A key resolution, "Proposal on Providing Guarantees for the Wholly-Owned Subsidiary Jingxing Holdings (Malaysia) Co., Ltd.," was approved as a special resolution, garnering over two-thirds of the valid voting shares.

The proposal received 97.5839% of the votes in favor, with 1.8236% against and 0.5924% abstaining. Among small and medium investors, 69.6443% voted in favor, 22.9123% against, and 7.4433% abstained. This demonstrates strong shareholder confidence in supporting the subsidiary.

A total of 1,407 shareholders, representing 193,609,657 voting shares or 13.1274% of the company's total voting shares, participated in the meeting. The meeting's procedures complied with relevant laws, regulations, and the company's articles of association.