Zhejiang Shibao Company Limited has released a revised form of proxy for its 2025 Annual General Meeting, scheduled for 30 June 2026 at 2:00 p.m. in the company’s conference room on the 3rd Floor of Office Building No. 6, 17th Avenue, Qiantang District, Hangzhou.
Key agenda items to be decided by poll include:
1. 2025 Financial Statements • Audit Report and full Annual Report, including the results announcement, are up for shareholder approval.
2. Profit Distribution Plan • A cash dividend of RMB0.60 for every 10 shares (equivalent to RMB0.06 per share) is proposed, totaling RMB49.36 million (tax inclusive). • No bonus shares or capitalisation of reserves is proposed.
3. Corporate Governance and Board Matters • 2025 Board Work Report and Corporate Governance Report will be presented. • Director remuneration for 2026 is capped at RMB6.00 million before tax, with the Board authorised to allocate individual amounts. • Measures for the Administration of Remuneration and Performance Evaluation of Directors and Senior Management are slated for adoption.
4. Audit Engagement • Pan-China Certified Public Accountants LLP is nominated for re-appointment as external auditor for 2026; remuneration will be determined by the Board.
5. Board Composition • Election of Mr Wang Zhi Fu as an Independent Non-executive Director of the eighth Board session.
The revised proxy supersedes any previously submitted form if lodged no later than 24 hours before the meeting. Shareholders who have already filed the original proxy and do not submit the new version will have their prior instructions remain valid. All resolutions will be voted on by poll, and shareholders or their proxies must present identification at the venue.
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