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ZHEJIANG, CHINA - Zhejiang Yongtai Technology Co., Ltd. (GDR:YTT) shareholders approved all proposed resolutions at the company’s first Extraordinary General Meeting of 2025 held Monday at its headquarters in Zhejiang Province.
The meeting, which saw participation from 359 shareholders representing 30.54% of the company’s voting shares, approved revisions to the Articles of Association with 98.65% of votes in favor.
Shareholders also endorsed updates to seven governance systems, including the Related Party Transaction (JO:NTUJ) Decision-making System, External Guarantee Management System, and External Investment Management System. All governance revisions received over 98% approval.
In a significant leadership transition, the meeting elected a new Board of Directors through cumulative voting. Ms. Wang Yingmei, Ms. Chen Lijie, Mr. Jin Yizhong, Mr. Zhang Jiangshan, and Ms. Wang Lirong were elected as non-independent directors. Mr. Zhang Weikun, Ms. Zheng Feng, and Mr. Zhou Yuejiang secured positions as independent directors. Each director received approximately 99% of votes in favor and will serve a three-year term.
The meeting employed both on-site and online voting methods, with 13 shareholders attending in person and 346 participating online. Minority shareholders, excluding directors, supervisors, senior management, and major shareholders, represented 0.71% of the company’s voting shares.
AllBright Law Offices supervised the proceedings and issued a legal opinion confirming the meeting’s compliance with relevant laws and regulations.
According to the company’s press release statement, no resolutions were objected to during the meeting, and no changes were made to resolutions from previous general meetings.
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