REG - China Yangtze Power - Announcement of Poll Results of 2020 AGM

China Yangtze Power CoAnnouncement

01/06/2021 07:06

RNS Number : 2876A
  
China Yangtze Power Co. Ltd.
  
01 June 2021
  
 

CHINA YANGTZE POWER CO., LTD.
Announcement of Poll Results of 2020 Annual General Meeting
I. Convening and Attendance of the Meeting
(I) Date: 31 May 2021
(II) Venue: Room 2207, F/22, Building B of Focus Place, No. 19, Financial Street, Xicheng District, Beijing
(III) Common shareholders present at the meeting and their holdings:



1. Number of shareholders and representatives present at the
meeting 


314




2. Sum of shares with voting rights held by the shareholders present at the meeting (shares)


18,378,544,451




3. Proportion of shares with voting rights held by the shareholders present at the meeting in all voting shares of the Company (%)


80.8137



 
(IV) Whether the voting method complies with the provisions of the Company Law and the Articles of Association, and the presiding situation of the General Meeting.
The convening, holding forms and procedures of the General Meeting comply with the relevant provisions of the Company Law, the Securities Law, the Articles of Association of China Yangtze Power Co., Ltd. and the Procedural Rules for General Meetings of Shareholders of China Yangtze Power Co., Ltd.. The resolutions of the meeting are lawful and effective. Vice Chairman Ma Zhenbo presided over the meeting.
II. Poll Results
(I) Non-cumulative voting proposals
1. Name of the Proposal: 2020 Report of the Board of Directors
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,375,575,441


99.9838


2,271,142


0.0124


697,868


0.0038



 
2. Name of the Proposal: 2020 Report of the Board of Supervisors
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,373,597,428


99.9731


4,242,155


0.0231


704,868


0.0038



 
3. Name of the Proposal: Report on Final Accounts of the Company for 2020
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,375,162,241


99.9816


2,684,342


0.0146


697,868


0.0038



 
4. Name of the Proposal: Profit Distribution Plan of the Company for 2020
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,372,037,803


99.9646


6,362,448


0.0346


144,200


0.0008



 
5. Name of the Proposal: Proposal on Appointing Auditor for Financial Reports for 2021
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,343,598,929


99.8099


33,005,441


0.1796


1,940,081


0.0105



 
6. Name of the Proposal: Proposal on Appointing Auditor for Internal Control for 2021
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,375,679,801


99.9844


1,458,468


0.0079


1,406,182


0.0077



 
7. Name of the Proposal: Proposal on Short-term Fixed-income Investments for 2021
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


17,975,024,001


97.8044


365,540,671


1.9890


37,979,779


0.2066



 
8. Name of the Proposal: Proposal on Signing the "Financial Service Framework Agreement" with Three Gorges Finance (Hong Kong) Co., Ltd.
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


4,872,935,401


99.7680


9,912,603


0.2029


1,419,582


0.0291



 
9. Name of the Proposal: Proposal on the Change in Registered Capital of the Company and Amendment to the Articles of Association of the Company upon Listing on the London Stock Exchange
Deliberation result: Agreed
Voting results:



Type of
shareholders


Agreed


Objection


Abstention




Votes


Ratio
(%)


Votes


Ratio
(%)


Votes


Ratio
(%)




A-shares


18,375,227,389


99.9820


1,904,880


0.0104


1,412,182


0.0076



 
(II) Cumulative voting proposals
1. Proposal on Electing Additional Directors of the Company



Proposal S/N


Proposal name


Number of votes


Proportion of the valid votes at the meeting (%)


Elected or not




10.01


Director candidate - Mr. Wang Shiping


18,345,111,508


99.8181


Yes




10.02


Director candidate - Mr. Su Jinsong


18,347,172,115


99.8293


Yes



 
2. Proposal on Electing An Additional Supervisor of the Company



Proposal S/N


Proposal name


Number of votes


Proportion of the valid votes at the meeting (%)


Elected or not




11.01


Director candidate - Mr. Zeng Yi


18,252,590,006


99.3147


Yes



III. Lawyer Witness
1. The law firm for authentication of the General Meeting: Beijing DeHeng Law Offices
 
2. Witness conclusions and opinions of the lawyers:
The lawyers of the law firm believe that, the convening and holding procedures of the meeting, qualification of participants and the convener, the proposal and voting procedures of the meeting, and voting results comply with various laws and regulations and normative documents such as Company Law, Securities Law and Rules for the General Meeting, and the relevant provisions of the Articles of Association. The resolutions passed at the meeting are lawful and effective. 
 
 
The Board of Directors of China Yangtze Power Co., Ltd.
31 May 2021
 
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
RAGEANSFDDEFEEA