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BEIJING - SDIC Power Holdings Co., Ltd. (GDR:SDIC), a major power generation company, announced the results of its second Extraordinary General Meeting (EGM) held today. The meeting saw the approval of two key proposals, including the provision of a guarantee for BWFL Company and the election of a new director to the company’s board.
The EGM, which took place in Beijing, was attended by 1,145 shareholders and representatives who collectively held 76.2184% of the company’s voting shares. The voting process was conducted in accordance with the Company Law, Securities Law, and the Articles of Association of SDIC Power Holdings, ensuring that the resolutions passed were both lawful and effective.
The first proposal, concerning the provision of a guarantee for BWFL Company, received overwhelming support with 99.3243% of votes from A-shareholders in favor, 0.6352% against, and a mere 0.0405% abstaining.
The second proposal on the agenda was the election of a new director to the company’s board, which was conducted via cumulative voting. This proposal also received strong backing, with 96.7860% of A-shareholder votes agreeing to the appointment.
The EGM was authenticated by Beijing Tian Yuan Law Firm, whose lawyers confirmed that the meeting’s procedures, participant qualifications, voting methods, and the resolutions made were in compliance with relevant laws and regulations. This endorsement adds a legal affirmation to the decisions made at the meeting.
SDIC Power Holdings, which is listed on the London Stock Exchange (LON:LSEG), is known for its involvement in the generation and supply of power and heat in China. The company’s decisions at the EGM are significant as they reflect shareholder confidence in the management’s strategic choices and governance.
The information for this report is based on a press release statement provided by SDIC Power Holdings Co., Ltd. and reflects the outcomes of the company’s second EGM held on the same date.
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