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ZHONGSHAN, CHINA - Ming Yang Smart Energy Group Limited (GDR:MYSE) announced Tuesday that shareholders approved all resolutions at its Second Extraordinary General Meeting of 2025, including significant changes to the company’s governance structure.
The meeting, held at the company’s headquarters in Zhongshan, saw the approval of amendments to the Articles of Association and the abolishment of the Supervisory Committee, marking a substantial shift in the company’s corporate governance framework.
A total of 777 shareholders representing 41.61% of the company’s voting shares participated in the meeting, which was presided over by director Fan Yuanfeng in the absence of Chairman Zhang Chuanwei.
Shareholders elected two new non-independent directors to the company’s Board of Directors: Zhang Chao, who received 93.67% approval, and Lin Maoliang, who secured 98.90% of votes cast.
Other approved resolutions included amendments to the Rules of Procedure for General Meetings, Working Rules for Online Voting, Rules of Procedure for Board Meetings, Working Rules for Independent Directors, Code of Conduct for Controlling Shareholders, and Proceeds Management Rules.
The meeting was conducted through a combination of on-site and online voting methods. Four of eight incumbent directors attended the meeting, while Chairman Zhang Chuanwei and three other directors were absent due to other business commitments.
According to the company’s statement, the meeting procedures complied with the Company Law of the People’s Republic of China and Ming Yang’s Articles of Association. ZHONG LUN LAW FIRM provided legal attestation for the meeting, confirming the validity of the proceedings and voting results.
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