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BEIJING - SDIC Power Holdings Co., Ltd. (GDR:SDIC) announced today that shareholders approved the registration and issuance of medium-term notes and corporate bonds by its subsidiaries during the company’s third extraordinary general meeting of 2025.
The proposal received overwhelming support with 99.95% of votes in favor, according to a company press release. The meeting, held at the company’s Beijing headquarters, saw attendance from 1,353 shareholders and representatives who collectively held approximately 6 billion shares, representing 75.01% of the company’s voting shares.
Chairman Guo Xuyuan presided over the meeting, which was conducted in accordance with China’s Company Law, Securities Law, and the company’s articles of association.
Beijing Tian Yuan Law Firm provided legal witness to the proceedings and confirmed the lawfulness and validity of the meeting’s procedures and voting results.
The approved proposal enables SDIC Power’s subsidiaries to proceed with bond issuances, though specific details regarding issuance amounts, timing, or the subsidiaries involved were not disclosed in the announcement.
SDIC Power is listed on the London Stock Exchange (LON:LSEG) through Global Depositary Receipts under the symbol SDIC.
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