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GUANGDONG, CHINA - Ming Yang Smart Energy Group Limited (GDR:MYSE) announced Monday that shareholders approved all resolutions proposed at its third extraordinary general meeting of 2025, including a stock option incentive plan and changes to its share repurchase program.
The meeting, held at the company’s headquarters in Zhongshan City, Guangdong, saw participation from 1,038 shareholders representing approximately 44.5% of the company’s voting shares.
Shareholders approved the 2025 Stock Option Incentive Plan with 98.47% of votes in favor. The company also received approval for its 2025 Employee Stock Ownership Plan, which passed with 95.5% support.
The meeting authorized the board to handle matters related to both incentive programs, including implementation details and administrative measures.
Additionally, shareholders approved a resolution to change the purpose of repurchased shares and cancel a portion of them, with 99.9% voting in favor. This decision will lead to changes in the company’s registered capital, which was also approved during the meeting.
Other approved resolutions included amendments to the company’s Articles of Association and the appointment of an accounting firm.
The meeting was presided over by director Fan Yuanfeng, as Chairman Zhang Chuanwei was unable to attend due to business commitments. Seven of the company’s eleven directors attended either in person or online.
ZHONG LUN LAW FIRM provided legal attestation for the meeting, confirming that all procedures complied with relevant laws and regulations.
According to the press release statement, none of the proposed resolutions faced objections during the meeting.
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