Summary by Futu AI
Shangtang Group Co., Ltd. (“Shangtang”) held its annual shareholder meeting on June 26, 2024 and approved all proposals. In the meeting, shareholders approved the resolution to review the consolidated financial statements, the reports of the directors and auditors, and to re-elect directors such as Dr. Xu Libo. In addition, shareholders also approved the general authorization to repurchase and issue shares, and re-appointed PricewaterhouseCoopers as the auditors. Shangtang also announced the appointment of Dr. Lin Dahua as an executive director for a term of three years. At the same time, the shareholders' meeting approved the amendment to the restricted share unit plan for 2022 and terminated the relevant plan before the initial public offering. All resolutions received more than half of the affirmative votes, and no shareholders expressed opposition or abstention before the meeting. The voting results of the meeting showed that all resolutions except for the authorization to issue new shares were approved by almost all the votes.
