SDIC Power shareholders approve 2024 profit distribution plan

Published 18/06/2025, 12:06
SDIC Power shareholders approve 2024 profit distribution plan

BEIJING - SDIC Power Holdings Co., Ltd. (SDIC) announced Wednesday that shareholders approved all seven proposals presented at its 2024 Annual General Meeting, including the company’s profit distribution plan for 2024.

The meeting, held at the company’s Beijing headquarters, saw participation from 1,100 shareholders representing approximately 75% of the company’s voting shares.

Shareholders overwhelmingly supported the board of directors’ work report with 99.59% approval, the supervisory committee’s work report with 99.97% approval, and the final accounts report for 2024 with 99.97% approval.

The 2024 profit distribution plan received 99.96% approval from voting shareholders. The company’s 2025 operation plan was also endorsed with 99.97% support.

Additionally, shareholders approved a financial service agreement and related-party transactions with SDIC Finance Co., Ltd., with 99.02% of votes in favor. Liu Guojun was elected as a director of the company with 99.54% approval through cumulative voting.

The meeting was chaired by Guo Xuyuan and was conducted in accordance with China’s Company Law, Securities Law, and the company’s Articles of Association, according to a statement from Beijing Tian Yuan Law Firm, which authenticated the proceedings.

The information was disclosed in a regulatory filing based on a company press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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