Peking Automobiles held its fourth extraordinary Shareholder meeting on December 30, 2024, where a general resolution to provide financing guarantees for its wholly-owned subsidiary was passed by vote. The shareholders and their representatives present at the meeting represented 5,737,197,332 voting shares, accounting for 71.58% of the total issued shares of the company.The resolution received 4,965,760,867 votes in favor, accounting for 86.55% of the total votes; 771,435,965 votes against, accounting for 13.45%; and 500 abstentions, accounting for 0.000009%. Since the number of votes in favor exceeded half, the proposal was officially passed as a general resolution. The meeting was chaired by Executive Director Mr. Song Wei, with several Directors present, including Chairman and Non-Executive Director Mr. Chen Wei.The company stated that the meeting was convened legally and...Show More

Peking Automobiles held its fourth extraordinary Shareholder meeting on December 30, 2024, where a general resolution to provide financing guarantees for its wholly-owned subsidiary was passed by vote. The shareholders and their representatives present at the meeting represented 5,737,197,332 voting shares, accounting for 71.58% of the total issued shares of the company.The resolution received 4,965,760,867 votes in favor, accounting for 86.55% of the total votes; 771,435,965 votes against, accounting for 13.45%; and 500 abstentions, accounting for 0.000009%. Since the number of votes in favor exceeded half, the proposal was officially passed as a general resolution. The meeting was chaired by Executive Director Mr. Song Wei, with several Directors present, including Chairman and Non-Executive Director Mr. Chen Wei.The company stated that the meeting was convened legally and effectively in accordance with the Company Law of China. The vote counting was jointly monitored by two representative shareholders, one supervisor, and the H shares transfer registration agent, Hong Kong Central Securities Registration Company Limited. Apart from the passed resolution, the company received no other proposals from shareholders holding 1% or more of the voting shares.