Result of 2022 AGM

China Yangtze Power Co. Ltd.

24 May 2023

 

China Yangtze Power Co., Ltd.

Announcement on Resolutions of the 2022 Annual General Meeting of Shareholders

The board of directors and all directors of China Yangtze Power Co., Ltd. (the "Company") warrant that there are no false representations and misleading statements contained in, or material omissions from, this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.

Important Notes:

l   Whether there is veto of a proposal at this meeting: no

I.   Convening and Attendance of the Meeting

i.     Time: 23 May 2023

ii.    Venue: Conference Room 4205, No. 88 Sanyang Road, Jiangan District, Wuhan City, Hubei Province

iii.   Common shareholders present at the meeting and preferred shareholders with resumed voting rights and their holdings:

1. Number of shareholders and representatives present at the meeting	324
2. Sum of shares with voting rights held by the shareholders present at the meeting (share)	18,193,063,508
3. Proportion of shares with voting rights held by the shareholders present at the meeting in all voting shares of the Company (%)	74.3539

iv.   Whether the voting method complies with the provisions of the Company Law and the Articles of Association, and the presiding situation of the General Meeting.

The convening and holding form and procedures of the General Meeting comply with the relevant provisions of the Company Law, Securities Law, Articles of Association of China Yangtze Power Co., Ltd., and the Procedural Rules for General Meetings of China Yangtze Power Co., Ltd.; the resolutions of the meeting are lawful and effective. Director Ma Zhenbo presided over the meeting.

v.    Attendance of Directors, Supervisors and Secretary of the Board of Directors of the Company

1、 There are 13 incumbent directors in the Company; 2 attended the meeting (Ma zhenbo Director, Huang Delin Director）;

2、 There are 7 incumbent supervisors in the Company; 1 attended the meeting（Huang Xun Supervisor）;

3、 Zhang Xingliao, Director and General Manager of the Company, Zhan Plain, Chief Financial Officer, Xue Ning, Secretary to the Board of Directors and Pan Jing, General Counsel attended the meeting.

II.  Proposal Review

i.     Non-cumulative voting proposal

1、 Name of the proposal: 2022 Report on the work of the Board of Directors

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,180,796,111	99.9326	5,932,414	0.0326	6,334,983	0.0348

2、 Name of the proposal: 2022 Report on the work of the Supervisory Board

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,180,583,311	99.9314	6,140,214	0.0338	6,339,983	0.0348

3、 Name of the proposal: Profit distribution proposal for the year 2022

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,186,010,580	99.9612	1,422,144	0.0078	5,630,784	0.0310

4、 Name of the proposal: 2022 Annual Report

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,180,796,111	99.9326	3,798,601	0.0209	8,468,796	0.0465

5、 Name of the proposal: Report on the 2022 financial accounts and 2023 budget

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,179,920,811	99.9278	4,643,901	0.0255	8,498,796	0.0467

6、 Name of the proposal: Proposal to engage an auditor for the financial report for the year 2023

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,121,694,375	99.6077	52,401,234	0.2880	18,967,899	0.1043

7、 Name of the proposal: Proposal to engage an internal control auditor for the year of 2023

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,178,985,179	99.9226	5,011,101	0.0275	9,067,228	0.0499

8、 Name of the proposal: Proposal to make short-term fixed income investments for the year of 2023

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	17,942,075,397	98.6204	243,649,527	1.3392	7,338,584	0.0404

9、 Name of the proposal: Proposal on the Company's guarantee plan for the year of 2023

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,116,033,545	99.5766	24,291,970	0.1335	52,737,993	0.2899

10、 Name of the proposal: Proposal on the Company's Investment Plan for the year of 2023

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,114,688,454	99.5692	25,201,070	0.1385	53,173,984	0.2923

11、  Name of the proposal: Proposal to amend the Company's Management System of Fund Raising

Voting result: Adopted

Voting:

Type of shareholder	Agree		Against		Abstain from voting
	Number of votes	Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
A shares	18,176,750,210	99.9103	9,509,922	0.0523	6,803,376	0.0374

ii.    Result of cumulative voting proposal

1、 Proposal on additional directors

Proposal No.	Proposal name	Votes	Proportion of the votes in the effective voting rights present at the meeting (%)	Whether elected or not
12.01	Candidate for the Director- Wang Hong	18,533,304,001	101.8702	Yes
12.02	Candidate for the Director - Teng Weiheng	16,801,245,467	92.3497	Yes

Proposal on additional Supervisors

Proposal No.	Proposal name	Votes	Proportion of the votes in the effective voting rights present at the meeting (%)	Whether elected or not
13.01	Candidate for the Supervisor - Xu Haiyun	17,649,367,330	97.0115	Yes

iii.   Voting of shareholders less than 5% when a major issue is involved

Proposal No.	Proposal name	Approval			Objection		Abstention
		Number of votes		Proportion (%)	Number of votes	Proportion (%)	Number of votes	Proportion (%)
3	Profit distribution proposal for the year 2022	4,962,914,193	99.8581		1,422,144	0.0286	5,630,784	0.1133
6	Proposal to engage an auditor for the financial report for the year 2023	4,898,597,988	98.5640		52,401,234	1.0544	18,967,899	0.3816
7	Proposal to engage an internal control auditor for the year of 2023	4,955,888,792	99.7167		5,011,101	0.1008	9,067,228	0.1825
9	Proposal on the Company's guarantee plan for the year of 2023	4,892,937,158	98.4501		24,291,970	0.4888	52,737,993	1.0611
12.01	Candidate for the Director- Wang Hong	5,310,207,614	106.8459		0	0.0000	0	0.0000
12.02	Candidate for the Director - Teng Weiheng	3,578,149,080	71.9954		0	0.0000	0	0.0000

iv.   Relevant information of voting on the proposal

N/A

III. Lawyer Witness

1.    The law firm for authentication of the General Meeting: Beijing DeHeng Law Offices

Lawyer: Wang Xi, Xue Jin

2.    Conclusion and opinion by the witnessing lawyer:

The lawyers of the Deheng law firm believe that, the convening and holding procedures of this meeting, the individuals present at the meeting, the qualifications of the convener, the proposals and voting procedures of this meeting, and the voting results comply with the relevant laws and regulations and normative documents such as the Company Law, Securities Law, and Rules for the General Meeting, as well as the Articles of Association. The resolutions passed at this meeting are legally valid.

The announcement is hereby given.

China Yangtze Power Co., Ltd Board of Directors

  23 May 2023

 

END