GUOFUHEE AGM 2025: Shareholders Approve All 14 Resolutions, Green-light Business Scope Expansion and Articles Amendments

Bulletin Express05-20

Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (GUOFUHEE) announced that all 14 resolutions proposed at its 2025 Annual General Meeting (AGM) on 20 May 2026 were approved by poll vote.

Meeting Overview The AGM, held in Zhangjiagang, Jiangsu, was attended in person or electronically by shareholders and proxies holding 62.47 million shares, representing 49.32 % of the company’s 126.67 million issued shares. Computershare Hong Kong Investor Services Limited acted as scrutineer.

Ordinary Resolutions • Eight operating‐related proposals—including the 2025 board report, final financial report, financial statements, profit distribution plan and 2026 financial budget—each secured at least 97.22 % support. • Shareholders also endorsed the 2026 director remuneration plan, the independent non-executive directors’ 2025 work report, and the 2026 bank credit facility plan with approval rates above 97 %. • An estimated guarantee cap for 2026 received the lowest ordinary-resolution support at 95.49 %. • Deloitte Touche Tohmatsu was re-appointed as auditor for 2026 with 97.23 % approval.

Special Resolutions • A general mandate authorising the Board to allot, issue or deal with additional shares, and to sell or transfer treasury shares, passed with 80.15 % in favour and 16.44 % against. • A separate mandate to repurchase H-shares garnered 99.29 % support. • Shareholders overwhelmingly backed (≈99 %) the expansion of the company’s business scope and corresponding amendments to the Articles of Association, subject to regulatory approvals and filings with Chinese market-supervision authorities.

Next Steps Following shareholder endorsement, GUOFUHEE will proceed with the requisite governmental approvals and filings for the updated business scope and revised Articles. The amended Articles will be published on the Hong Kong Stock Exchange and company websites upon completion of the process.

All approvals met or exceeded the majority requirements—over 50 % of votes cast for ordinary resolutions and over two-thirds for special resolutions—underscoring solid shareholder support for GUOFUHEE’s strategic and governance initiatives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment