Hengtong Optic-Electric Approves Restricted Stock Repurchase and Registered Capital Change at Shareholders Meeting

Jiangsu Hengtong Optic-Electric Co., Ltd. held its third extraordinary shareholders meeting of 2026 on July 13, with shareholders holding 32.46% of voting shares attending. Two non-cumulative voting proposals were passed, including adjusting the repurchase price of restricted stock incentive plan and canceling part of the shares, and changing registered capital, amending the articles of association, and handling industrial and commercial registration.

Source: 上交所

Jiangsu Hengtong Optic-Electric Co., Ltd. (Stock Code: 600487) convened its third extraordinary shareholders meeting of 2026 on July 13, 2026, at No. 2288 Zhongshan North Road, Wujiang District, Suzhou City, Jiangsu Province. The meeting was convened by the board of directors and chaired by Chairman Cui Wei. It was held through a combination of on-site voting and online voting, with 129 shareholders and proxies attending, representing 793,265,830 voting shares, accounting for 32.46% of the company's total voting shares.

Two non-cumulative voting proposals were reviewed. The first proposal, "On Adjusting the Repurchase Price of the 2024 Restricted Stock Incentive Plan and Repurchasing and Canceling Part of the Restricted Shares," was approved with 793,248,830 shares in favor (99.9979% of the voting shares present), 17,000 shares against (0.0021%), and 0 abstentions. The second proposal, "On Proposed Change of Registered Capital, Amendment to the Articles of Association, and Handling of Industrial and Commercial Registration Change," was also approved with the same voting result: 793,248,830 in favor, 17,000 against, 0 abstentions. This proposal was passed by special resolution, receiving more than two-thirds of the valid voting rights present.

Nine of the 12 incumbent directors attended the meeting; directors Tan Huiliang, Sun Zhonglin, and Tian Guocai were absent. President Zhang Jianfeng, Vice President and Board Secretary Wang Liaojun, Chief Financial Officer Wang Jinmeng, and Chief Compliance Officer Gu Yiqian attended the meeting.

Anhui Chengyi Law Firm, through lawyers Si Hui and Wan Xiaoyu, issued a legal opinion confirming that the convenor's qualifications, convening and holding procedures, attendees' qualifications, proposals, voting procedures, and voting results complied with laws, regulations, normative documents, and the company's articles of association, and that the resolutions passed were legal and valid.

No proposals were rejected; all proposals were approved. The resolution announcement was issued by the board of directors on July 14, 2026.