Summary by Futu AI
Sinotrans Limited held the first meeting of the fourth board of directors on June 11, 2024 in Peking. Multiple proposals were passed including the election of XiuFeng Wang as the new chairman. The meeting was held on-site and through communication, with 11 directors expected to attend, 8 of whom attended in person while the other 3 non-executive directors delegated other directors to attend on their behalf due to work arrangements. In addition, the meeting passed proposals such as the election of members of the board's special committees, the reappointment of senior management, and the renewal of authorization for the infrastructure public REITs application issuance work related matters. All proposals were passed unanimously, demonstrating the unanimous support of board members for conference resolutions. The company emphasizes that the application for issuance of infrastructure public REITs still needs to be approved by regulatory institutions and will be implemented based on market conditions. There is uncertainty involved.