China Construction Western Construction Co., Ltd.
2025 Annual Report of the Board of Directors
In 2025, China Construction Western Construction Co., Ltd. (hereinafter referred to as the "Company") experienced a year of striving to stabilize its position and accelerate transformation amidst industry-wide adjustments. Facing intensified market competition and increasing profit pressure, the Company resolutely implemented the decisions of the Central Committee of the Communist Party of China and the State Council, worked diligently, and overcame challenges. It fully committed to advancing key tasks, achieving practical results in market development, regional synergy, strategic emerging industry cultivation, and overseas expansion. This stabilized the Company's operational foundation, creating favorable conditions and solid support for high-quality development.
This year, the Board of Directors continued to improve the modern enterprise system with Chinese characteristics, achieving breakthroughs in the modernization of the governance system. The reform of the Supervisory Board was smoothly implemented, the board structure was further optimized, and the support system for independent directors' duties was enhanced. Concurrently, the Company's capital market image continued to improve, information disclosure maintained high standards, and the ESG strategy was deeply advanced. Through excellent governance practices, the legitimate rights and interests of all shareholders, especially small and medium shareholders, were effectively protected, promoting efficient governance and high-quality development through the construction of a high-quality board. The Company's governance practices were once again recognized, earning honors such as the China Association of Listed Companies' "Excellent Case Studies in Internal Control" and "Best Practices in Investor Relations Management."
I. Work of the Board of Directors
(I) Convening of Shareholder Meetings and Execution of Resolutions
During the reporting period, the Company's Board of Directors, in accordance with the "Company Law of the People's Republic of China," the "Articles of Association," and the "Rules of Procedure for Shareholder Meetings," diligently fulfilled its duties as the convener of shareholder meetings. A total of one annual general meeting for 2024 and two extraordinary general meetings were convened, with 24 proposals deliberated and approved. In accordance with the regulations of the China Securities Regulatory Commission, all shareholder meetings provided online voting for shareholders. When deliberating significant matters affecting the interests of small and medium investors, separate vote counting was conducted for these investors, ensuring equal treatment for all shareholders and safeguarding their right to exercise their rights, particularly the voice of small and medium shareholders. The Company strictly adhered to the decision-making procedures stipulated in relevant laws and regulations, the Articles of Association, and the Rules of Procedure for Shareholder Meetings. It conscientiously implemented the principle of deliberation before decision and strictly followed the resolutions and authorizations of the shareholder meetings. All resolutions passed by the shareholder meetings were diligently executed, with no significant matters being implemented without shareholder approval or vice versa. The specific details are as follows: