Shandong International Trust Co., Ltd. Announces EGM Poll Results and Board Appointments

Key Highlights from the 2026 First Extraordinary General Meeting (EGM)

• Date and Venue: The EGM was held on 22 April 2026 at Tower A, No. 2788 Aoti West Road, Lixia District, Jinan, Shandong Province, PRC.
• Attendance and Voting: Out of 4,658,850,000 issued shares, shareholders and authorised proxies representing 3,980,151,000 shares (approximately 85.43% of total share capital) attended and voted at the EGM.
• Voting Integrity: There were no restrictions or special voting rights; all shareholders had equal opportunity to vote on all resolutions. The meeting was conducted in full compliance with the Company Law and the Articles of Association of the Company.

Resolutions Passed at the EGM

The EGM focused on the appointment of new members to the Board of Directors. All proposed resolutions were approved with overwhelming support, each receiving more than 99.99% of votes in favour:

1. Appointment of Mr. Zhao Zikun as Executive Director (3,979,971,000 votes for, 180,000 against, 0 abstain)
2. Appointment of Mr. Tian Zhiguo as Executive Director (3,979,971,000 votes for, 180,000 against, 0 abstain)
3. Appointment of Mr. Pan Liquan as Non-executive Director (3,979,971,000 votes for, 180,000 against, 0 abstain)
4. Appointment of Mr. Chen Ping as Non-executive Director (3,979,971,000 votes for, 180,000 against, 0 abstain)

All four appointments were passed as ordinary resolutions. No further proposals from shareholders holding 1% or more of the voting shares were received for this meeting.

Significant Updates and Potential Share Price Impact

• Pending Regulatory Approval: The appointments of Mr. Zhao Zikun and Mr. Tian Zhiguo as executive directors, and Mr. Pan Liquan and Mr. Chen Ping as non-executive directors, are still subject to approval by the local office of the National Financial Regulatory Administration.
• Chairperson Appointment: Mr. Zhao Zikun has also been designated as the chairperson of the fourth session of the Board, pending regulatory qualification approval.
• Potential Price Sensitivity: The successful regulatory approval and onboarding of these directors, especially the new chairperson, could be price sensitive as it may signal new leadership direction, strategy, and governance enhancements. Investors should monitor announcements regarding the final approval of these appointments.

Director Credentials and Corporate Governance

• The company confirmed that the biographical details of the newly appointed directors have not changed since the Circular and that none of the appointees have held directorships in other listed companies in the past three years, nor do they have any relationships with current directors, senior management, or substantial shareholders.
• None of the appointees holds shares in the company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
• No other matters regarding their appointments require disclosure under Rule 13.51(2) of the Listing Rules, and there are no issues requiring shareholders’ further attention at this time.

Current Board Composition

As of the date of the announcement, the Board comprises:

• Mr. Yue Zengguang (Executive Director and current Chairperson)
• Mr. Chen Liuyi and Mr. Chen Xuebin (Non-executive Directors)
• Mr. Zheng Wei, Ms. Zhang Haiyan, and Ms. Liu Wanwen (Independent Non-executive Directors)

What Should Investors Watch?

• Regulatory Approvals: The finalization of director appointments is contingent on regulatory approval, which could influence market sentiment and share price upon confirmation.
• Leadership Transition: The incoming chairperson and directors may introduce new strategies or governance changes—investors should pay close attention to subsequent disclosures and strategic updates.
• High Shareholder Engagement: The high turnout and overwhelming support for the resolutions suggest strong investor confidence in the proposed board changes.

Disclaimer: The above article is based on the official announcement of Shandong International Trust Co., Ltd. regarding the results of its 2026 First EGM and related director appointments. The information presented is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own research and consult professional advisors before making investment decisions.

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