Anhui Expressway (995) has issued an announcement detailing newly formulated requirements governing the proceedings of its general meetings. The document clarifies how shareholders may exercise voting rights, the procedures for appointing proxies, and the handling of corporate actions such as mergers, demergers, and share repurchases. It further highlights the responsibilities of directors and supervisory bodies in organizing these meetings in accordance with the board’s authority.
The announcement covers shareholders’ rights and obligations, including the ability to attend meetings, review company materials, and exercise voting authority. It also sets out procedures for convening both annual and extraordinary general meetings, stipulating conditions under which the board of directors or certain shareholders may request such meetings. The published content delineates key protections for minority shareholders, mandates strict compliance with voting disclosures, and outlines scenarios requiring special resolutions, such as amendments to the articles of association or major asset transactions.
Additionally, the document provides detailed approaches to class meetings, emphasizing that shareholders in distinct share classes can vote separately on changes affecting their rights. Separate provisions also address the nomination and election of directors, incorporating a cumulative voting mechanism for fair representation. These updated rules aim to ensure orderly conduct of the general meetings, enhance shareholder engagement, and safeguard overall corporate governance standards.
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