Result of the 2023 first EGM

China Yangtze Power Co. Ltd.

05 July 2023

 

China Yangtze Power Co., Ltd.

Announcement on Resolutions of the First Extraordinary General Meeting in 2023

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: 30 June 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	321
2. Sum of shares with voting rights held by the shareholders present at the meeting (share)	18,175,998,236
3. Proportion of shares with voting rights held by the shareholders present at the meeting in all voting shares of the Company (%)	74.2841

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; 1 attended the meeting (Ma zhenbo Director）;

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

3、 Zhan Pingyuan, Chief Financial Officer, Xue Ning, Secretary to the Board of Directors.

II.  Proposal Review

i.     Non-cumulative voting proposal

1.   Name of the proposal: To consider and approve the Proposal on investment and construction of Gansu Zhangye pumped storage power station

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	18,173,613,387	99.9868	2,242,649	0.0123	142,200	0.0009

ii.    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 (%)
1	To consider and approve the Proposal on investment and construction of Gansu Zhangye pumped storage power station	18,173,613,387	99.9868	2,242,649	0.0123	142,200	0.0009

iii.   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, Huang Cao

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

  5 July 2023

 

END