Shengda Forestry shareholders approve debt extension agreement

Sichuan Shengda Forestry Industry Co., Ltd. held its second extraordinary general meeting of shareholders in 2025 on December 24, 2025. The meeting, convened by the board of directors, utilized both on-site and online voting methods. A total of 118 shareholders, representing 21,876,561 shares or 2.9078% of the total voting shares, participated.

The primary agenda item was the deliberation and approval of the "Agreement on Debt Extension and Related Transactions." The resolution passed with 18,701,181 votes in favor, accounting for 85.4850% of the effective voting shares present. There were 2,612,280 votes against (11.9410%) and 563,100 abstentions (2.5740%).

Beijing King & Wood Mallesons law firm deemed the meeting's procedures and resolutions legal and valid, ensuring compliance with relevant laws and regulations.