RNS Number : 7268O
Zhejiang Yongtai Technology Co Ltd
16 May 2024
 

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of China with limited liability)

Announcement on Resolution of the 2023 Annual General Meeting

Special Notice

1. No resolution was objected at the Annual General Meeting.

2. No changes to the resolutions of the previous general meetings were involved in the Annual General Meeting.

I. CONVENING AND ATTENDANCE OF THE MEETING

(I) Convening of the Meeting

1. Time of the meeting

(1) Time of on-site meeting: 15:00 on Thursday, 16 May 2024;

(2) Time of online voting: 16 May 2024;

Among which, the specific date of online voting through the trading system of the Shenzhen Stock Exchange was from 9:15 to 9:25, 9:30 to 11:30 and 13:00 to 15:00 on 16 May 2024;

The specific date of voting through the Internet of the Shenzhen Stock Exchange was between 9:15 and 15:00 on 16 May 2024.

2. Venue of the on-site meeting: conference room on the second floor of the office building of Zhejiang Yongtai Technology Co., Ltd. at No. 1 Donghai Fourth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province.

3. Method of convening the meeting: both on-site voting and online voting.

4. Convener of the meeting: Board of Directors of the Company.

5. Chairperson of the meeting: the meeting was presided over by Ms. Wang Yingmei, the chairwoman of the Company.

6. Validity and compliance of the meeting: the meeting was held in accordance with relevant laws, administrative regulations, departmental rules, regulatory documents and the provisions of the Articles of Association.

(II) Attendance of the Meeting

1. A total of 21 shareholders and shareholders' proxies, representing 278,147,163 shares or 30.4398% of the total number of shares of the Company carrying voting rights, were present at the general meeting. Of which:

(1) A total of 8 shareholders and shareholders' proxies, representing 270,352,955 shares or 29.5868% of the total number of shares of the Company carrying voting rights, were present at the on-site meeting.

(2) A total of 13 shareholders, representing 7,794,208 shares or 0.8530% of the total number of shares of the Company carrying voting rights, were present at the meeting through online voting.

(3) A total of 12 minority shareholders (excluding directors, supervisors, senior management of the Company, and other shareholders who individually or collectively hold 5% or more of the Company's shares), representing 3,264,208 shares or 0.3572% of the total number of shares of the Company carrying voting rights, were present at the meeting.

2. The Company's directors, supervisors, and secretary to the Board attended the meeting, while other senior management sat in the meeting. AllBright Law Offices(上海市锦天城律师事务所) delegated lawyers to witness the meeting and issued a legal opinion.

II. CONSIDERATIONS AND POLL RESULTS OF THE RESOLUTION

The following resolution was considered and approved at the general meeting through a combination of on-site voting and online voting:

(1) Resolution on the 2023 Work Report of the Board of Directors

Voting result: 278,018,363 shares in favour, accounting for 99.9537% of the total number of valid voting shares held by shareholders attending the meeting; 128,800 shares against, accounting for 0.0463% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (2) Resolution on the 2023 Work Report of the Board of Supervisors

Voting result: 278,018,363 shares in favour, accounting for 99.9537% of the total number of valid voting shares held by shareholders attending the meeting; 128,800 shares against, accounting for 0.0463% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (3) Resolution on the Final Account Report for the Year 2023

Voting result: 278,050,263 shares in favour, accounting for 99.9652% of the total number of valid voting shares held by shareholders attending the meeting; 96,900 shares against, accounting for 0.0348% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (4) Resolution on the Proposed Profit Distribution for the Year 2023

Voting result: 278,014,263 shares in favour, accounting for 99.9522% of the total number of valid voting shares held by shareholders attending the meeting; 132,900 shares against, accounting for 0.0478% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,131,308 shares in favour, accounting for 95.9286% of the total number of valid voting shares held by minority shareholders attending the meeting; 132,900 shares against, accounting for 4.0714% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

 (5) Resolution on the Proposal on the Remuneration Plan for the Directors and the Supervisors for the Year 2023

Voting result: 278,018,363 shares in favour, accounting for 99.9537% of the total number of valid voting shares held by shareholders attending the meeting; 128,800 shares against, accounting for0.0463% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,135,408 shares in favour, accounting for 96.0542% of the total number of valid voting shares held by minority shareholders attending the meeting; 128,800 shares against, accounting for 3.9458% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

 (6) Resolution on the 2023 Annual Report and its abstract

Voting result: 278,050,263 shares in favour, accounting for 99.9652% of the total number of valid voting shares held by shareholders attending the meeting; 96,900 shares against, accounting for 0.0348% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (7) Resolution on the Proposal on the Foreign Exchange Hedging Business

Voting result: 278,050,263 shares in favour, accounting for 99.9652% of the total number of valid voting shares held by shareholders attending the meeting; 96,900 shares against, accounting for 0.0348% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,167,308 shares in favour, accounting for 97.0314% of the total number of valid voting shares held by minority shareholders attending the meeting; 96,900 shares against, accounting for 2.9686% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

 (8) Resolution on the Proposal on Commodity Futures Hedging Business

Voting result: 278,050,263 shares in favour, accounting for 99.9652% of the total number of valid voting shares held by shareholders attending the meeting; 96,900 shares against, accounting for 0.0348% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,167,308 shares in favour, accounting for 97.0314% of the total number of valid voting shares held by minority shareholders attending the meeting; 96,900 shares against, accounting for 2.9686% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

 (9) Resolution on the Proposal on the Amount of Guarantee for Subsidiaries

Voting result: 277,597,937 shares in favour, accounting for 99.8025% of the total number of valid voting shares held by shareholders attending the meeting; 549,225 shares against, accounting for 0.1975% of the total number of valid voting shares held by shareholders attending the meeting; 1 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 2,714,982 shares in favour, accounting for 83.1743% of the total number of valid voting shares held by minority shareholders attending the meeting; 549,225 shares against, accounting for 16.8257% of the total number of valid voting shares held by minority shareholders attending the meeting; 1 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of the total number of valid voting shares held by shareholders attending the general meeting.

 (10) Resolution on the Proposal on Applying for a Comprehensive Credit Line from Relevant Financial Institutions

Voting result: 277,627,825 shares in favour, accounting for 99.8133% of the total number of valid voting shares held by shareholders attending the meeting; 519,337 shares against, accounting for 0.1867% of the total number of valid voting shares held by shareholders attending the meeting; 1 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (11) Resolution on the Proposal on Authorizing the Board of Directors to Issue Shares to Specific Parties through a Simplified Procedure

Voting result: 277,988,475 shares in favour, accounting for 99.9429% of the total number of valid voting shares held by shareholders attending the meeting; 158,688 shares against, accounting for 0.0571% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,105,520 shares in favour, accounting for 95.1385% of the total number of valid voting shares held by minority shareholders attending the meeting; 158,688 shares against, accounting for 4.8615% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of the total number of valid voting shares held by shareholders attending the general meeting.

 (12) Resolution on the Proposal on Amending the Rules of Procedure of the General Meeting of Shareholders

Voting result: 275,002,743 shares in favour, accounting for 98.8695% of the total number of valid voting shares held by shareholders attending the meeting; 3,144,420 shares against, accounting for 1.1305% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of the total number of valid voting shares held by shareholders attending the general meeting.

 (13) Resolution on the Proposal on Amending the Rules of Procedure of the Board of Directors

Voting result: 275,002,743 shares in favour, accounting for 98.8695% of the total number of valid voting shares held by shareholders attending the meeting; 3,144,420 shares against, accounting for 1.1305% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

This resolution is a special resolution and was approved by over two-thirds of the total number of valid voting shares held by shareholders attending the general meeting.

 (14) Resolution on the Proposal on Amending the Decision-making System for Related Transactions

Voting result: 275,002,743 shares in favour, accounting for 98.8695% of the total number of valid voting shares held by shareholders attending the meeting; 3,144,420 shares against, accounting for 1.1305% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (15) Resolution on the Proposal on Amending the System for the Management and Utilization of Collected Funds

Voting result: 275,002,743 shares in favour, accounting for 98.8695% of the total number of valid voting shares held by shareholders attending the meeting; 3,144,420 shares against, accounting for 1.1305% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

 (16) Resolution on the Proposal on the Renewal of the Auditing Firms for FY2024

Voting result: 278,018,363 shares in favour, accounting for 99.9537% of the total number of valid voting shares held by shareholders attending the meeting; 128,800 shares against, accounting for 0.0463% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,135,408 shares in favour, accounting for 96.0542% of the total number of valid voting shares held by minority shareholders attending the meeting; 128,800 shares against, accounting for 3.9458% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

 (17) Resolution on the Proposal on the Plan for Shareholders' Return Over the Next Three Years (2024-2026)

Voting result: 278,074,663 shares in favour, accounting for 99.9739% of the total number of valid voting shares held by shareholders attending the meeting; 72,500 shares against, accounting for 0.0261% of the total number of valid voting shares held by shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by shareholders attending the meeting.

Voting result of minority shareholders: 3,191,708 shares in favour, accounting for 97.7789% of the total number of valid voting shares held by minority shareholders attending the meeting; 72,500 shares against, accounting for 2.2211% of the total number of valid voting shares held by minority shareholders attending the meeting; 0 shares abstained (among which 0 shares are abstained by default due to non-voting), accounting for 0.0000% of the total number of valid voting shares held by minority shareholders attending the meeting.

In addition to considering and approving the the above resolutions, the Annual general meeting also heard the 2023 Annual Work Report of Independent Directors.

Ⅲ. LEGAL OPINION ISSUED BY THE LAWYERS

1. Name of law firm: AllBright Law Offices(上海市锦天城律师事务所)

2. Names of lawyers: Chen Xia, Shao Yuchen

3. Conclusive opinion: The procedures for convening and holding the 2023 Annual General Meeting, the qualifications of the convenor and the personnel who attended the meeting, and the voting procedures of the meeting conformed to the requirements of the laws, regulations, rules and other regulatory documents such as the Company Law, the Rules Governing General Meeting of Listed Companies as well as relevant provisions of the Articles of Association; and the voting results of the general meeting are lawful and valid.

Ⅳ. DOCUMENTS FOR INSPECTION

1. Resolution of the 2023 Annual General Meeting;

2. Legal opinion issued by AllBright Law Offices.

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

16 May 2024

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMQKABNCBKKAPD
Zhejiang Yong (LSE:YTT)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Zhejiang Yong
Zhejiang Yong (LSE:YTT)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Zhejiang Yong