Ming Yang Smart Energy Group's Successful EGM and Firm Reappointment

Ming Yang Smart Energy Group’s Recent EGM Highlights

Ming Yang Smart Energy Group Ltd (GDR:MYSE), a prominent joint stock company, recently hosted its Second Extraordinary General Meeting (EGM) where an important decision was made regarding the company's accounting practices. During this significant gathering, shareholders distinctly approved the reappointment of the accounting firm, indicating strong confidence in the company's financial management.

Attendance and Structure of the Meeting

The EGM attracted a notable participation of 1,075 shareholders, whether present in person or by proxy. This attendance represented approximately 31.34% of the total voting shares, exemplifying the engaged stake of shareholders in the company’s governance and decision-making processes. The meeting proceeded under the careful oversight of Mr. Ge Changxin, the vice chairman, who presided in the absence of Mr. Zhang Chuanwei, the chairman.

Meeting Compliance and Legal Framework

Conducted both onsite and online, the EGM adhered to the stipulations set forth in the Company Law of the People's Republic of China, along with following the company's Articles of Association strictly. A total of five of the eleven directors were present, ensuring a robust leadership representation at the meeting. Supervisors and the secretary of the Board also participated, signifying a comprehensive approach to transparency and corporate governance.

Voting Outcomes

The resolution to retain the accounting firm demonstrated overwhelming shareholder support, with an astonishing 99.64% of Class A shareholders casting affirmative votes. This substantial level of agreement underscores a strong unity among the shareholders towards the financial auditing practices of the company. Importantly, the votes from shareholders holding less than a 5% interest were also counted separately, where the resolution once again achieved a significant majority.

Legal Validation of the EGM

The proceedings of the meeting were verified by representatives from Zhong Lun Law Firm. Lawyers Zhou Yuxiang and Cheng Bin confirmed that the EGM was conducted in accordance with all relevant laws, providing an extra layer of confidence to shareholders regarding the legitimacy of the voting process and overall meeting conduct.

Governance and Transparency

This event not only reflects the active participation of shareholders in the decision-making process but also highlights Ming Yang's commitment to exemplary corporate governance practices. By successfully organizing the EGM and securing the reappointment of its accounting firm, Ming Yang Smart Energy Group Ltd has reinforced its dedication to maintaining transparent and responsible operations in its financial reporting and management. Such governance structures are vital for fostering a trustworthy relationship with investors and stakeholders.

Frequently Asked Questions

What was the main outcome of the EGM held by Ming Yang?

The main outcome was the reappointment of the accounting firm, which received overwhelming support from shareholders.

How many shareholders participated in the EGM?

A total of 1,075 shareholders participated, representing about 31.34% of the total voting shares.

Who presided over the EGM in the chairman's absence?

Mr. Ge Changxin, the vice chairman, presided over the meeting.

What was the percentage of affirmative votes for the accounting firm’s reappointment?

The resolution received 99.64% of affirmative votes from Class A shareholders.

Which law firm provided legal validation for the EGM proceedings?

Zhong Lun Law Firm validated the meeting and confirmed its compliance with legal requirements.

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