Shanghai Industrial Holdings Limited (SIHL) reported that all resolutions put forward at the 23 April 2026 extraordinary general meeting (EGM) were passed by poll, solidifying shareholder support for a new Financial Service Agreement and confirming board composition.
The Financial Service Agreement, the sole item subject to independent shareholder voting, received 72.27 million votes in favour, representing 100% of votes cast. The 63.16% stake held by parent Shanghai Industrial Investment (Holdings) Co. Ltd. (SIIC) and its close associates—equal to 686.65 million shares—abstained from voting as previously disclosed, leaving 400.56 million shares (36.84% of issued capital) eligible to vote.
Resolutions covering governance matters also secured overwhelming approval. Independent Non-Executive Director Prof. Zhang Qian and Independent Non-Executive Director Mr. Tang William Harry Jia Sheng were each re-elected with 758.73 million votes (99.98%) in favour. A related motion authorising the board to fix directors’ remuneration passed unanimously with 758.92 million affirmative votes. All three governance resolutions were open to the company’s entire share base of 1.09 billion shares.
Tricor Investor Services Limited served as scrutineer for the poll. SIHL confirmed that no shareholders were required to abstain other than SIIC and its associates, and no votes were registered against any resolution.
The EGM was attended in person or electronically by Executive Directors Ms. Leng Wei Qing, Mr. Zhang Qian, Mr. Yao Jia Yong, Mr. Xu You Li, and Independent Non-Executive Directors Mr. Leung Pak To, Mr. Yuen Tin Fan, Prof. Zhang Qian and Mr. Tang William Harry Jia Sheng.
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