REFIRE Shareholders Approve All AGM Resolutions, Authorise New Share Issue and Buy-Back Mandates

Bulletin Express05-18

Shanghai REFIRE Group Limited held its 2025 Annual General Meeting (AGM) on 18 May 2026 in Shanghai, with Board Chairman and CEO Lin Qi presiding. A total of 93.22 million shares—excluding 18,000 treasury H shares—were eligible to vote.

Key outcomes:

1. Unanimous approval (100.00%) for: • 2025 Board work report, audited consolidated financial statements, annual report and profit-distribution plan • Re-appointment of Ernst & Young as external auditor and authorisation of its remuneration • General mandate to repurchase H shares during the defined period (Resolution 10)

2. Financial support to subsidiaries: • Provision of financial assistance for 2026 passed with 96.74% support • Applications for credit facilities and provision of guarantees for 2026 approved with 95.46% support

3. Capital allocation flexibility: • Change in use of proceeds from the Global Offering and Subscriptions approved with 90.45% support, the meeting’s highest level of dissent (9.55% votes against) • General mandate authorising the Board to issue additional H and Domestic shares secured 97.72% approval

All ten resolutions—eight ordinary and two special—met the required majority thresholds and were duly adopted. Ernst & Young served as the meeting’s scrutineer. Attendance included all nine directors, either in person or via electronic means.

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Attendance included all nine directors, either in person or via electronic means.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02570","symbol_name":"重塑能源","start_time":0,"source_url":"","article_id":"1125544492","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125544492","pubTimestamp":1779097381,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Shanghai REFIRE Group Limited held its 2025 Annual General Meeting (AGM) on 18 May 2026 in Shanghai, with Board Chairman and CEO Lin Qi presiding. 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