REG - Zhejiang Yongtai - Resolution Of The First EGM In 2025

Zhejiang Yongtai Technology CoAnnouncement

28/07/2025 12:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250728:nRSb8298Sa&default-theme=true

RNS Number : 8298S  Zhejiang Yongtai Technology Co Ltd  28 July 2025

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of
China with limited liability)

Resolution Of The First EGM In 2025

Special Notice

1. No resolution was objected at the Extraordinary General Meeting.

2. No changes to the resolutions of the previous general meetings were
involved in the Extraordinary General Meeting.

I. CONVENING AND ATTENDANCE OF THE MEETING

(I) Convening of the Meeting

1. Time of the meeting

(1) Time of on-site meeting: 15:00 on Monday, 28 July 2025;

(2) Time of online voting: 28 July 2025;

Among which, the specific date of online voting through the trading system of
the Shenzhen Stock Exchange was from 9:15 to 9:25, 9:30 to 11:30 and 13:00 to
15:00 on 28 July 2025;

The specific date of voting through the Internet of the Shenzhen Stock
Exchange was between 9:15 and 15:00 on 28 July 2025.

2. Venue of the on-site meeting: conference room on the second floor of the
office building of Zhejiang Yongtai Technology Co., Ltd. at No. 1 Donghai
Fourth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province.

3. Method of convening the meeting: both on-site voting and online voting.

4. Convener of the meeting: Board of Directors of the Company.

5. Chairperson of the meeting: the meeting was presided over by Ms. Wang
Yingmei, the chairwoman of the Company.

6. Validity and compliance of the meeting: the meeting was held in accordance
with relevant laws, administrative regulations, departmental rules, regulatory
documents and the provisions of the Articles of Association.

(II) Attendance of the Meeting

1. A total of 359 shareholders and shareholders' proxies, representing
282,646,484 shares or 30.5431% of the total number of shares of the Company
carrying voting rights, were present at the general meeting. Of which:

(1) A total of 13 shareholders and shareholders' proxies, representing
160,154,555 shares or 17.3065% of the total number of shares of the Company
carrying voting rights, were present at the on-site meeting.

(2) A total of 346 shareholders, representing 122,491,929 shares or 13.2366%
of the total number of shares of the Company carrying voting rights, were
present at the meeting through online voting.

(3) A total of 346 minority shareholders (excluding directors, supervisors,
senior management of the Company, and other shareholders who individually or
collectively hold 5% or more of the Company's shares), representing 6,603,529
shares or 0.7136% of the total number of shares of the Company carrying voting
rights, were present at the meeting.

2. The Company's directors, supervisors, and senior management attended or sat
in the meeting. AllBright Law Offices（上海市锦天城律师事务所）
delegated lawyers to witness the meeting and issued a legal opinion.

II. CONSIDERATIONS AND POLL RESULTS OF THE RESOLUTION

The following resolution was considered and approved at the general meeting
through a combination of on-site voting and online voting:

(1) Resolution on Revising the Articles of Association and Its Appendices

Voting result: 278,821,442 shares in favour, accounting for 98.6467% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,521,344 shares against, accounting for 1.2458% of the total number
of valid voting shares held by shareholders attending the meeting; 303,698
shares abstained (among which 9,400 shares are abstained by default due to
non-voting), accounting for 0.1074% of the total number of valid voting shares
held by shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of
the total number of valid voting shares held by shareholders attending the
general meeting.

(2) Resolution on Revising Part of the Governance Systems

2.01 Resolution on Revising the Related Party Transaction Decision-making
System

Voting result: 278,819,142 shares in favour, accounting for 98.6459% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,521,344 shares against, accounting for 1.2458% of the total number
of valid voting shares held by shareholders attending the meeting; 305,998
shares abstained (among which 11,900 shares are abstained by default due to
non-voting), accounting for 0.1083% of the total number of valid voting shares
held by shareholders attending the meeting.

2.02 Resolution on Revising the External Guarantee Management System

Voting result: 278,814,042 shares in favour, accounting for 98.6441% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,522,444 shares against, accounting for 1.2462% of the total number
of valid voting shares held by shareholders attending the meeting; 309,998
shares abstained (among which 15,700 shares are abstained by default due to
non-voting), accounting for 0.1097% of the total number of valid voting shares
held by shareholders attending the meeting.

2.03 Resolution on Revising the External Investment Management System

Voting result: 278,818,642 shares in favour, accounting for 98.6457% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,521,344 shares against, accounting for 1.2458% of the total number
of valid voting shares held by shareholders attending the meeting; 306,498
shares abstained (among which 16,400 shares are abstained by default due to
non-voting), accounting for 0.1084% of the total number of valid voting shares
held by shareholders attending the meeting.

2.04 Resolution on Revising the Implementation Rules for Cumulative Voting
System

Voting result: 278,819,342 shares in favour, accounting for 98.6460% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,521,344 shares against, accounting for 1.2458% of the total number
of valid voting shares held by shareholders attending the meeting; 305,798
shares abstained (among which 15,700 shares are abstained by default due to
non-voting), accounting for 0.1082% of the total number of valid voting shares
held by shareholders attending the meeting.

2.05 Resolution on Revising the Raised Funds Management and Use System

Voting result: 278,814,342 shares in favour, accounting for 98.6442% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,522,244 shares against, accounting for 1.2462% of the total number
of valid voting shares held by shareholders attending the meeting; 309,898
shares abstained (among which 19,800 shares are abstained by default due to
non-voting), accounting for 0.1096% of the total number of valid voting shares
held by shareholders attending the meeting.

2.06 Resolution on Revising the Implementation Rules for Online Voting at the
General Meeting of Shareholders

Voting result: 278,816,442 shares in favour, accounting for 98.6449% of the
total number of valid voting shares held by shareholders attending the
meeting; 3,471,144 shares against, accounting for 1.2281% of the total number
of valid voting shares held by shareholders attending the meeting; 358,898
shares abstained (among which 18,600 shares are abstained by default due to
non-voting), accounting for 0.1270% of the total number of valid voting shares
held by shareholders attending the meeting.

2.07 Resolution on Revising the Remuneration and Allowance Management System
for Directors, Supervisors and Senior Management

Voting result: 282,198,762 shares in favour, accounting for 99.8416% of the
total number of valid voting shares held by shareholders attending the
meeting; 128,524 shares against, accounting for 0.0455% of the total number of
valid voting shares held by shareholders attending the meeting; 319,198 shares
abstained (among which 18,600 shares are abstained by default due to
non-voting), accounting for 0.1129% of the total number of valid voting shares
held by shareholders attending the meeting.

Voting result of minority shareholders: 6,155,807 shares in favour, accounting
for 93.2200% of the total number of valid voting shares held by minority
shareholders attending the meeting; 128,524 shares against, accounting for
1.9463% of the total number of valid voting shares held by minority
shareholders attending the meeting; 319,198 shares abstained (among which
18,600 shares are abstained by default due to non-voting), accounting for
4.8337% of the total number of valid voting shares held by minority
shareholders attending the meeting.

2.08 Resolution on Revising the Shareholder Return Plan for the Next Three
Years (2024-2026)

Voting result: 282,214,862 shares in favour, accounting for 99.8473% of the
total number of valid voting shares held by shareholders attending the
meeting; 74,324 shares against, accounting for 0.0263% of the total number of
valid voting shares held by shareholders attending the meeting; 357,298 shares
abstained (among which 11,800 shares are abstained by default due to
non-voting), accounting for 0.1264% of the total number of valid voting shares
held by shareholders attending the meeting.

Voting result of minority shareholders: 6,171,907 shares in favour, accounting
for 93.4638% of the total number of valid voting shares held by minority
shareholders attending the meeting; 74,324 shares against, accounting for
1.1255% of the total number of valid voting shares held by minority
shareholders attending the meeting; 357,298 shares abstained (among which
11,800 shares are abstained by default due to non-voting), accounting for
5.4107% of the total number of valid voting shares held by minority
shareholders attending the meeting.

(3) Resolution on the Re-election of the Board of Directors (Election of
Non-independent Directors)

The Company elected Ms. Wang Yingmei, Ms. Chen Lijie, Mr. Jin Yizhong, Mr.
Zhang Jiangshan and Ms. Wang Lirong as non-independent directors of the 7th
Board of Directors by means of cumulative voting, with a term of three years
from the date of election and approval at this Shareholders' General Meeting.
Each candidate obtained the approval of more than one-half of the total number
of valid voting shares of the shareholders present at the meeting. The
specific voting results are as follows:

3.01 Election of Ms. Wang Yingmei as a Non-Independent Director of the 7th
Board of Directors

Voting result: 279,885,402 shares in favour, accounting for 99.02% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,842,447 shares in favour,
accounting for 58.19% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Ms. Wang Yingmei was elected.

3.02 Election of Ms. Chen Lijie as a Non-Independent Director of the 7th Board
of Directors

Voting result: 279,892,560 shares in favour, accounting for 99.03% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,849,605 shares in favour,
accounting for 58.30% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Ms. Chen Lijie was elected.

3.03 Election of Mr. Jin Yizhong as a Non-Independent Director of the 7th
Board of Directors

Voting result: 279,892,560 shares in favour, accounting for 99.03% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,849,605 shares in favour,
accounting for 58.30% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Mr. Jin Yizhong was elected.

3.04 Election of Mr. Zhang Jiangshan as a Non-Independent Director of the 7th
Board of Directors

Voting result: 279,892,359 shares in favour, accounting for 99.03% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,849,404 shares in favour,
accounting for 58.29% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Mr. Zhang Jiangshan was elected.

3.05 Election of Ms. Wang Lirong as a Non-Independent Director of the 7th
Board of Directors

Voting result: 279,892,374 shares in favour, accounting for 99.03% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,849,419 shares in favour,
accounting for 58.29% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Ms. Wang Lirong was elected.

(4) Resolution on the Re-election of the Board of Directors (Election of
Independent Directors)

The Company elected Mr. Zhang Weikun, Ms. Zheng Feng and Mr. Zhou Yuejiang as
independent directors of the 7th Board of Directors by means of cumulative
voting, with a term of three years from the date of election and approval at
this Shareholders' General Meeting. The qualifications of the above
independent directors have been reviewed by the Shenzhen Stock Exchange with
no objections. Each candidate obtained the approval of more than one-half of
the total number of valid voting shares of the shareholders present at the
meeting. The specific voting results are as follows:

4.01 Election of Mr. Zhang Weikun as an independent director of the 7th Board
of Directors

Voting result: 279,883,494 shares in favour, accounting for 99.02% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,840,539 shares in favour,
accounting for 58.16% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Mr. Zhang Weikun was elected.

4.02 Election of Ms. Zhengfeng as an independent director of the 7th Board of
Directors

Voting result: 279,882,484 shares in favour, accounting for 99.02% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,839,529 shares in favour,
accounting for 58.14% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Ms. Zhengfeng was elected.

4.03 Election of Mr. Zhou Yuejiang as an independent director of the 7th Board
of Directors

Voting result: 279,900,954 shares in favour, accounting for 99.03% of the
total number of valid voting shares held by shareholders attending the
meeting; Voting result of minority shareholders: 3,857,999 shares in favour,
accounting for 58.42% of the total number of valid voting shares held by
minority shareholders attending the meeting;

Voting Result: Mr. Zhou Yuejiang was elected.

Ⅲ. LEGAL OPINION ISSUED BY THE LAWYERS

1. Name of law firm: AllBright Law
Offices（上海市锦天城律师事务所）

2. Names of lawyers: Jin Haiyan, Chen Xia

3. Conclusive opinion: The procedures for convening and holding the First
Extraordinary General Meeting in 2025, the qualifications of the convenor and
the personnel who attended the meeting, and the voting procedures of the
meeting conformed to the requirements of the laws, regulations, rules and
other regulatory documents such as the Company Law, the Rules Governing
General Meeting of Listed Companies as well as relevant provisions of the
Articles of Association; and the voting results of the general meeting are
lawful and valid.

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

28 July 2025

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMUWVRRVSUBUAR