Red Star Macalline Group Corporation Ltd. held its 2025 annual general meeting (AGM) on 22 June 2026 in Shanghai, where shareholders approved all six ordinary resolutions by poll with overwhelming majorities.
Key Meeting Metrics • Total issued shares as of the AGM date: 4.35 billion • Shares represented in person or by proxy: 1.91 billion (43.78% of issued share capital) • Scrutineer: Computershare Hong Kong Investor Services Limited • Compliance: Meeting convened in line with PRC Company Law and the company’s Articles of Association; all directors and senior management attended.
Voting Highlights 1. Board Work Report 2025 – 99.45 % in favour. 2. 2025 Profit Distribution Plan – 99.40 % in favour. 3. Remuneration Management System for Directors & Senior Management – 99.42 % in favour. 4. Directors’ Remuneration 2025 and Plan for 2026 – 98.97 % in favour (0.83 billion related-party shares abstained). 5. Re-appointment of Financial and Internal Control Auditor for 2026 – 99.33 % in favour. 6. Loan Framework Agreement and Continuing Connected Transactions with Substantial Shareholders – 98.90 % in favour (1.30 billion related-party shares abstained).
Related-Party Voting Restrictions • Red Star Macalline Holding Group, CHE Jianxing, CHE Jianfang and CHEN Shuhong (combined 0.83 billion shares) abstained from voting on Resolution 4. • Xiamen C&D and its subsidiary Lianfa Group (combined 1.30 billion shares) abstained from voting on Resolution 6.
No shareholders stated an intention to vote against or abstain from any agenda items in advance of the meeting, and no shares required mandatory voting abstention under Hong Kong Listing Rules other than the related-party exclusions noted above.
All six resolutions therefore passed, setting the stage for Red Star Macalline’s 2026 financial year with confirmed director remuneration, auditor re-appointment, and approval for new borrowing and connected-party transactions.
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