Suning.com shareholders approve governance changes, key asset sale

Suning.com held its fifth extraordinary general meeting of shareholders for 2025 on December 26, 2025. All proposals were approved without any rejections. The meeting saw 872 shareholders and proxies, representing 45.10% of the company's voting shares, participate in person or via online voting. Key approvals included the cancellation of the supervisory board and amendments to the company's articles of association, with 99.78% of votes in favor.

Shareholders also passed amendments to the rules of procedure for the general meeting and the board of directors, with 99.79% and 99.69% approval, respectively. The independent director system and external investment and guarantee management policies also saw high approval rates. The proposal to adjust the independent director allowance for the eighth board of directors was approved with 99.62% of votes.

A significant resolution concerned the sale of a subsidiary's equity by Suning International's subsidiary, Carrefour China Holdings N.V., which received 99.81% shareholder approval. Additionally, the proposal regarding financial assistance arising from the transfer of subsidiary equity was approved with 99.80% of the votes.