Muyuan Foods shareholders approve H-share issuance, governance overhaul

Muyuan Foods held its second extraordinary general meeting of shareholders in 2025, where shareholders approved several critical resolutions, including plans for an H-share issuance and listing. The meeting, which took place on December 25, 2025, in Nanyang City, saw 1,674 shareholders, representing 65.0243% of voting shares, participate.

A major resolution passed was the revision of the company's Articles of Association and related rules to facilitate the H-share issuance and listing. This proposal received strong support, with 99.7915% of votes in favor. Additionally, shareholders approved significant amendments to internal governance documents, including the Rules of Procedure for Shareholder Meetings (97.1697% in favor), Rules of Procedure for Board Meetings (97.1577% in favor), Independent Director System (97.1566% in favor), and policies concerning fundraising, external guarantees, and related-party transactions.

Other approved items included the estimated daily related-party transactions for 2026, receiving 99.8971% of votes, and proposals for company and subsidiary credit lines and guarantees, each passing with high approval rates.