China Tianrui Group Cement Announces EGM Poll Results: Shareholder Approval for Key Deposit Services Agreement

China Tianrui Group Cement Company Limited (Stock code: 1252) has disclosed the results of its Extraordinary General Meeting (EGM) held on 16 February 2026. This meeting was convened to vote on a crucial resolution regarding the 2025 Deposit Services Agreement (as amended by the Supplemental Agreement), which involves proposed annual caps and related transactions.

Key Points from the EGM Poll Results

• The Resolution was approved: The sole ordinary resolution relating to the 2025 Deposit Services Agreement was passed by way of poll, with 100% of votes cast in favour (130,060,081 votes), and none against. This indicates strong approval from independent shareholders.
• Total Shares and Voting Structure: As of the EGM date, the Company had 3,083,281,647 issued shares. Due to related party rules, shareholders with a material interest in the agreement, specifically Yu Kuo (ultimately controlled by Mr. Li Liufa and Mrs. Li Fengluan, holding approximately 52.78% of issued shares), abstained from voting. This left 1,455,895,931 shares (approx. 47.22% of total issued shares) eligible for independent shareholder voting.
• No dissent or abstention: There were no shares entitling holders to abstain from voting in favour, no stated intentions to vote against or abstain, and no other shareholders required to abstain under Listing Rules.
• Scrutiny and Attendance: Computershare Hong Kong Investor Services Limited acted as scrutineer for the poll. All directors attended the EGM, either in person or electronically.

Details of the Approved Resolution

The resolution approved at the EGM was to:

• Ratify and confirm the 2025 Deposit Services Agreement (as amended by the Supplemental Agreement)
• Approve the proposed annual caps and transactions contemplated under the agreement
• Authorize the Board of Directors to execute all documents and take all necessary actions in connection with the agreement and its related transactions

For comprehensive details, shareholders are advised to refer to the EGM Notice and Circular.

Implications for Shareholders and Potential Price Sensitivity

• Approval of Related Party Transaction: The ratification of the Deposit Services Agreement, which involves material interests of major shareholders and directors, is significant. Such agreements can impact the Company’s liquidity, risk management, and future earnings, depending on the terms and caps set. Investors should monitor future announcements regarding the implementation and financial effects of this agreement.
• Major Shareholder Abstention: The abstention of Yu Kuo, holding a controlling stake, underscores transparency and compliance with Listing Rules. The outcome was determined by independent shareholders, which may strengthen corporate governance perception.
• No Opposition: The unanimous approval and lack of dissent may indicate broad support or minimal controversy regarding the transaction. This could be viewed positively in terms of stability and shareholder alignment.
• Potential Impact on Share Price: While the approved agreement itself is a routine related party transaction, its successful passage may provide confidence in the management’s decisions and reinforce the Company’s operational framework. However, investors should remain vigilant for future disclosures about the actual financial effect of the Deposit Services Agreement, as these could influence share price depending on material changes or unexpected impacts.

Board Composition

As of the announcement date, the Board consists of:

• Non-executive Director and Chairman: Mr. Li Liufa
• Executive Directors: Ms. Li Fengluan, Mr. Ding Jifeng, Mr. Li Jiangming, Mr. Jin Mingjie
• Independent Non-executive Directors: Mr. Kong Xiangzhong, Mr. Mak Tin Sang, Mr. Jiang Senlin

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to review official Company disclosures and consult professional advisors before making any investment decisions. The information provided is based on the latest available data from China Tianrui Group Cement Company Limited’s EGM announcement and may be subject to change.