002851SZSE
🚨 Material Event

Shenzhen Megmeet Electrical Co., Ltd. 2026 First Extraordinary General Meeting Resolution Announcement

Shenzhen Megmeet Electrical Co., Ltd··13 pages

✨ AI Summary

Shenzhen Megmeet Electrical Co., Ltd. held its first extraordinary general meeting on June 25, 2026. The meeting approved resolutions related to issuing H shares in Hong Kong, changing the company's structure to a foreign-invested joint stock limited company, and amending its articles of association and other governance documents. All proposals passed with overwhelming support.

Summary generated by AI · Always verify with source document

Exchange Summary

EGM RESOLUTION

The Company held its 1st Extraordinary General Meeting of 2026 on 25 June 2026, during which the following proposal(s) was/were approved: 1. H-share offering and listing on the Stock Exchange of Hong Kong 2. Plan for the H-share offering and listing on the Stock Exchange of Hong Kong 2.1. Stock type and par value 2.2. Issuing date 2.3. Issuing method 2.4. Issuing scale 2.5. Pricing method 2.6. Issuing targets 2.7. Placement principles 2.8. Listing place 2.9. Underwriting method 2.10. Fund raising costs analysis 3. Conversion into a company limited by shares which raises funds overseas 4. Plan for the use of funds to be raised from H-share offering 5. Valid period of the resolution on the H-share offering and listing 6. Full authorization to the board and its authorized persons to handle matters regarding the H-share offering and listing 7. Distribution plan for accumulated retained profits before the H-share offering 8. Amendments to the Company's articles of association (draft) and relevant rules of procedures (applicable after the H-share offering and listing) 8.1. The Company's articles of association (draft) 8.2. The Company's rules of procedure governing shareholders' general meetings (draft) 8.3. The Company's rules of procedure governing the board meetings (draft) 9. Formulation of and amendments to the Company's internal governance systems (applicable after the H-share offering and listing) 9.1. Work system for independent directors (draft) 9.2. Connected transaction management system (draft) 9.3. Raised funds management measures (draft) 10. By-election of independent directors 11. Purchase of liability insurance for directors, senior management and relevant personnel, and for the prospectus 12. Appointment of audit firm for the H-share offering and listing

Provided by Shenzhen Stock Exchange

Full Translation

AI Translation· gemini_document

Securities Code: 002851

Securities Abbreviation: Megmeet

Announcement Number: 2026-068

Shenzhen Megmeet Electrical Co., Ltd.

Announcement of Resolutions from the First Extraordinary General Meeting in 2026

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.

Special Notes:

  1. No proposals were rejected at this shareholder meeting.

  2. This shareholder meeting does not involve changes to resolutions previously passed by shareholders.

I. Meeting Convening and Attendance

(I) Meeting Convening

  1. Time of the Meeting:

(1) On-site Meeting Time: 2:00 PM on June 25, 2026 (Thursday).

(2) Online Voting Time: 9:15 AM to 3:00 PM on June 25, 2026 (Thursday).

Voting via the Shenzhen Stock Exchange trading system: 9:15 AM - 9:25 AM, 9:30 AM - 11:30 AM, and 1:00 PM - 3:00 PM on June 25, 2026.

Voting via the Shenzhen Stock Exchange internet voting system: Any time from 9:15 AM to 3:00 PM on June 25, 2026.

  1. Meeting Location: Company Conference Room, 34th Floor, United Headquarters Building, Xuefu Road No. 63, High-tech Zone, Nanshan District, Shenzhen.

  2. Meeting Method: A combination of on-site voting and online voting. The meeting provided an online voting platform for public shareholders through the Shenzhen Stock Exchange trading system and internet voting system.

  3. Meeting Convener: The Board of Directors of Shenzhen Megmeet Electrical Co., Ltd. (hereinafter referred to as the "Company").

  4. Meeting Chairman: Mr. Tong Yong Sheng, Chairman, presided over the meeting.

  5. The convening of this meeting complies with the "Company Law of the People's Republic of China" and other relevant laws, administrative regulations, departmental rules, normative documents, Shenzhen Stock Exchange business rules, and the Company's Articles of Association.

(II) Meeting Attendance

  1. Shareholder Attendance:

(1) Overall Shareholder Attendance:

1,004 shareholders attended through on-site and online voting, representing 242,266,907 shares, or 41.6418% of the total voting shares. Of these, 40 shareholders attended on-site, representing 179,646,750 shares (30.8784% of total voting shares). 964 shareholders voted online, representing 62,620,157 shares (10.7634% of total voting shares).

(2) Overall Attendance of Small and Medium Shareholders:

999 small and medium shareholders attended through on-site and online voting, representing 86,062,604 shares, or 14.7928% of the total voting shares. Of these, 35 small and medium shareholders attended on-site, representing 23,442,447 shares (4.0294% of total voting shares). 964 small and medium shareholders voted online, representing 62,620,157 shares (10.7634% of total voting shares).

  1. Some directors and the Company Secretary attended the meeting. The appointed supervising lawyer was present to witness the meeting.

II. Proposal Review and Voting Results

The meeting voted on proposals using a combination of on-site and online voting. The following proposals were deliberated and approved:

  1. Approval of the "Proposal on the Company's Issuance of H Shares and Listing on the Stock Exchange of Hong Kong Limited"

Votes in favor: 242,073,675 shares, representing 99.9202% of the total valid voting shares present.

Votes against: 173,632 shares, representing 0.0717% of the total valid voting shares present.

Abstentions: 19,600 shares (including 0 shares defaulted due to non-voting), representing 0.0081% of the total valid voting shares present.

Among small and medium shareholders (excluding directors, senior management, and shareholders holding 5% or more of the Company's shares individually or collectively):

Votes in favor: 85,869,372 shares, representing 99.7755% of the total valid voting shares of small and medium shareholders present.

Votes against: 173,632 shares, representing 0.2018% of the total valid voting shares of small and medium shareholders present.

Abstentions: 19,600 shares (including 0 shares defaulted due to non-voting), representing 0.0228% of the total valid voting shares of small and medium shareholders present.

This proposal is a special resolution and was approved by more than two-thirds of the voting rights held by shareholders and their proxies present at the meeting.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.

Sign in to read moreSee Pro pricing