DAZHONG PUBLIC UTILITIES HOLD THE 2024 ANNUAL GENERAL MEEETING
The 2024 annual general meeting of the Company (the "AGM") was held in the afternoon of June 13, 2025, in a combination of onsite and online formats. A total of 723 shareholders and authorized representatives of domestic A shareholders and foreign shareholders attended the meeting, representing 751,112,166 shares.
The AGM voted on the resolutions listed in the notice of the AGM through a combination of on-site voting and online voting. The meeting deliberated and approved 18 resolutions including the Work Report of the Board for the Year 2024, Work Report of the Supervisory Committee for the Year 2024, Final Financial Report for the Year 2024 and the Financial Budget Report for the Year 2025 of the Company, Profit Distribution Proposal of the Company for the Year 2024, Resolution on Propose Appointment on Non-executive Director, Resolution on Amendments to the Articles of Association and Filing and Registration of Change. The meeting also heard the Work Report of Independent Non-executive Director for the Year 2024. The entire process of the AGM was witnessed on-site Shanghai Jin Mao PRC Lawyers and BDO Limited. in Mao PRC Law Firm issued the "Legal Opinion on the 2024 AGM".
To actively reward all investors, the Company will distribute cash dividend of RMB0.036 per share (tax-inclusive) to all shareholders, amounting to a total cash dividend of 106,287,648.30 yuan (tax included), accounting for 45.59% of the net profits attributable to shareholders of the Company this year. The Company is willing to share the development benefits with investors.
The executive Director and president of the Company, Liang Jiawei, presided over the meeting and led the management executives to have a full communication with the attending shareholders on the Company's operating, future development strategies, dividend policies, market value management, etc. in 2024. Mr. Liang Jiawei stated that in 2025, facing a complex and severe external environment, the Company will principally engage in public utility and financial investment businesses, remain steadfast in its confidence, rise to challenges, build a solid development foundation with the focus on core business, strategically plan for the future track, lay the foundation for the next five-year plan through innovative development, ensure the successful conclusion of the 14th Five-Year Plan, and plan for the start of the 15th Five-Year Plan.