On June 30, Yankuang Energy held its 2021 Annual General Meeting of Shareholders (“AGM”). The AGM was held via a hybrid voting model (on-site voting + online voting) , at which 14 important proposals were considered and approved, including 2021 Annual Work Report of the Board of Directors, 2021 Annual Work Report of the Supervisory Board, the Financial Report, the Profit Distribution Plan and the Amendment to the Articles of Association and others.
The AGM was chaired by Li Wei, Chairman of Yankuang Energy. He said, the approval of the proposals shows the shareholder’s trust and support. Through collaborations with its shareholders, Yankuang Energy will take a realistic and steady approach to promote reform and transformation, strive to uphold integrity and innovation, and lead energy industry revolution with an international vision and an innovative mindset so as to create greater values for its shareholders and the related interest parties.
Li Wei also expressed his gratitude to the shareholders for their long-term understanding and support for the development of Yankuang Energy. He said that as the flagship asset of Shandong Energy and its only listed second-tier subsidiary in the energy sector, Yankuang Energy has established its leading role in the international development of the energy industry. Yankuang Energy will continuously adhere to the strategic guidance and pursue excellence with purpose of setting a leading industrial role model that has achieved high-quality development. Committed to pursuing continuous improvement, Yankuang Energy will optimize and improve its assets quality, perfect information disclosure, standardize corporate governance and pursue excellent business performance so as to win the favor and trust from the capital market and shareholders. In the meanwhile, Yankuang Energy will actively boost its interaction with stakeholders, create tangible, stable and sustainable investment value, and share the fruits of the company's development with shareholders.
On the same day, Yankuang Energy held the second class meeting of holders of A shares and the second class meeting of holder of H shares in 2022, where relevant proposals were all passed.
The A-share holders and H-share holders, the Directors, the Supervisors, the senior managements and heads of relevant departments of Yankuang Energy attended the AGM, while the independent directors and the representatives of financial institutions were present through video-link.
This AGM was eye-catching in the capital market, and a number of well-known institutional investors attended the meeting,. In order to fully align with the capital market, Yankuang Energy held a symposium in advance for a cordial discussion with visiting shareholders who could know more about the Company's operation, development strategy, industrial planning, and coal market dynamics, corporate strategic planning, dividend distribution and capital operation.
