China Ruifeng Renewable Energy Holdings Limited
Extraordinary General Meeting (EGM) Poll Results

Key Points for Investors

• All Proposed Resolutions Passed Unanimously: At the EGM held on 6 March 2026, all resolutions relating to Subscription B and CB Subscription C were approved by 100% of votes cast, with no votes against.
• Significant Corporate Actions Approved:
  • Approval of Share Subscription B and CB Subscription B under Subscription Agreement B, including the allotment and issue of Subscription Shares and Conversion Shares.
  • Approval of CB Subscription C under CB Subscription Agreement C, with authorization for Directors to allot and issue Conversion Shares.
  • Directors granted Specific Mandate B and Specific Mandate C to execute these actions.
  • All necessary acts and documents to effect these resolutions were authorized for Directors.
• Voting Details:
  • Total issued shares: 1,714,719,143.
  • Shares voted: 950,318,114 (100% in favour).
  • No controlling shareholder, and no shareholder required to abstain from voting due to material interest.
• Regulatory Process:
  • Both Subscription B and CB Subscription C subject to approval for listing and permission to deal by the Hong Kong Stock Exchange Listing Committee.
• Meeting Proceedings:
  • Chairman Mr. Yuan Wanyong and Director Ms. Hu Xiaolin were absent due to business engagements.
  • Mr. Zhang Zhixiang (CEO and Executive Director) chaired the meeting in person.
  • Other independent non-executive Directors attended electronically.
  • Tricor Investor Services Limited acted as scrutineer for vote-counting.

Important Shareholder Information & Price Sensitivity

• Potential Share Capital Changes: The approval of Subscription B and CB Subscription C allows the Company to issue new shares and convertible bonds, which could lead to share dilution and impact share value. Investors should monitor further announcements regarding the actual allotment and issuance of shares and conversion of bonds.
• Market Impact: The successful approval and execution of these transactions may signal confidence in the Company’s future prospects and facilitate fundraising for expansion or operations in the renewable energy sector. However, the increase in share supply and convertible bonds could affect share price performance depending on market perception and execution.
• Regulatory Approvals Pending: The listing and dealing permissions for the new shares and conversion shares are still subject to Hong Kong Stock Exchange approval. Any delays or issues in regulatory approval could affect transaction timelines and potentially impact share price.
• No Material Conflicts or Voting Restrictions: All shareholders were entitled to vote, and no abstentions were required, indicating a clean approval process and broad shareholder support.

Details of the Resolutions Passed

1. Share Subscription B & CB Subscription B
   • Approval, confirmation, and ratification of Subscription Agreement B and related transactions.
   • Specific Mandate B granted to Directors for allotment and issuance of Subscription Shares and Conversion Shares.
   • Authorization of Directors to execute all necessary actions and documents.
2. CB Subscription C
   • Approval, confirmation, and ratification of CB Subscription Agreement C and related transactions.
   • Specific Mandate C granted to Directors for allotment and issuance of Conversion Shares.
   • Authorization of Directors to execute all necessary actions and documents.

Board and Attendance

• Executive Directors: Mr. Yuan Wanyong (Chairman), Mr. Zhang Zhixiang (CEO)
• Independent Non-Executive Directors: Mr. Jiang Senlin, Mr. Qu Weidong, Ms. Hu Xiaolin
• Meeting chaired by Mr. Zhang Zhixiang due to absence of Chairman.

Conclusion

The resolutions passed at the EGM potentially enable China Ruifeng Renewable Energy Holdings Limited to raise capital through new share issuances and convertible bonds, subject to regulatory approval. This marks a strategic move for the Company, likely to affect share capital structure and may be price-sensitive for investors. The unanimous shareholder approval suggests strong support for the Company’s future direction and growth initiatives.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, offer, or solicitation for the purchase or sale of securities. Investors should conduct their own research and consult with professional advisors before making investment decisions. The information presented is based on official announcements and may be subject to change pending further regulatory approvals and Company disclosures.

View RUIFENG RENEW Historical chart here