Eastroc Beverage (Group) Co., Ltd. Announces Results of 2026 First Extraordinary General Meeting

Key Points from the Meeting

• Appointment of Deloitte Touche Tohmatsu as Overseas Auditor for 2025: The most significant resolution passed at the meeting was the approval to appoint Deloitte Touche Tohmatsu as the Company’s overseas auditor for the year 2025. This appointment is effective immediately following shareholder approval.
• High Shareholder Participation: The meeting saw a strong turnout, with approximately 76.99% of total issued shares represented in person, by proxy, or via electronic means. This high participation rate underscores strong shareholder engagement and support for the Company’s governance processes.
• Clear Majority Vote: The resolution to appoint Deloitte was overwhelmingly approved, with 93.12% of votes cast in favor, 6.87% against, and a negligible 0.006% abstaining. This decisive outcome indicates a strong consensus among shareholders on the direction and oversight of the Company’s financial reporting for the coming year.
• Legal Compliance and Transparency: The meeting and its procedures were reviewed and validated by DeHeng Law Offices, confirming compliance with the Company Law and Securities Law of the People’s Republic of China, as well as relevant regulations and the Company’s Articles of Association. This ensures the legitimacy and transparency of the resolutions passed.
• No Restrictions or Special Circumstances: There were no restrictions on voting, no mandatory abstentions, and no stated intentions by significant shareholders to vote against or abstain. This indicates a smooth and uncontested decision-making process.

Details for Shareholders

The appointment of Deloitte Touche Tohmatsu as the overseas auditor for 2025 is a material event for Eastroc Beverage (Group) Co., Ltd. The engagement of a globally recognized audit firm like Deloitte is likely to enhance investor confidence in the Company’s financial statements, particularly for overseas investors who place high value on internationally recognized auditors.

The outcome of the vote also reflects stability and unity within the shareholder base, which could be viewed positively by the market. The high level of participation and the overwhelming support for the resolution may signal to investors that the Company is well-governed and transparent, factors often associated with positive share price performance.

Furthermore, the thorough legal oversight provided by DeHeng Law Offices adds another layer of assurance on the legality and procedural correctness of the meeting, reducing potential governance risks.

Potential Price-Sensitive Implications

• Enhanced Audit Oversight: The appointment of Deloitte Touche Tohmatsu is a positive development that could lead to greater trust in the Company’s financial disclosures, especially among institutional and international investors.
• Strong Governance Signals: The smooth conduct of the meeting and the absence of dissent or controversy may reduce perceived governance risks, which can have a stabilizing effect on the share price.

Additional Meeting Details

• Meeting Venue and Time: The EGM was held at the VIP Meeting Room, 2/F, Building 3, 88 Mingliang Science Park, Shenzhen, at 2:30 p.m. on March 10, 2026.
• Board Attendance: All 10 directors of the Company attended the meeting, either in person or electronically, demonstrating the Board’s commitment to corporate governance.
• Share Capital Structure at the Date of EGM: Total issued shares were 564,768,700, comprising 520,013,000 A Shares and 44,755,700 H Shares. There were no shareholding restrictions or special voting arrangements.
• Resolution Passed: Only one resolution was put to vote— the appointment of the overseas auditor. No other proposals were submitted or voted on.

Board Composition

The Board as of the date of the announcement comprises:

• Executive Directors: Mr. LIN Muqin (Chairman, CEO), Mr. LIN Mugang, Mr. LU Yifu, Ms. JIANG Weiwei, Mr. ZHANG Lei, Mr. LIN Daiji
• Independent Non-executive Directors: Ms. ZHAO Yali, Ms. YOU Xiao, Mr. LI Hongbin, Mr. TAI Kwok Leung, Alexander

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own advisors and review the official company documentation before making any investment decisions. The information herein is based on the company’s official announcement and is believed to be accurate at the time of writing but may be subject to change without notice.

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