Baosheng Technology Innovation Co., Ltd. (ticker: Baosheng Co.) adopted three non-cumulative voting proposals at its extraordinary general meeting on June 29, 2026.
The first proposal, Remuneration Management Measures for Directors and Senior Management, received 461,093,776 votes in favor, representing 99.5950% of the total valid voting shares held by attendees; 1,509,000 votes were against (0.3259%), and 365,738 abstentions (0.0791%).
The second proposal, on the company's 2026 futures and derivatives trading, garnered 461,615,276 favorable votes (99.7077%), 1,079,900 against (0.2332%), and 273,338 abstentions (0.0591%).
The third proposal, on the registration and issuance of ultra-short-term commercial paper, saw 461,820,176 votes in favor (99.7519%), 911,800 against (0.1969%), and 236,538 abstentions (0.0512%).
A total of 550 shareholders and proxies were present, holding 462,968,514 voting shares, accounting for 33.7596% of the company's total voting shares. The meeting took place at the company's meeting room No. 1, No. 1 Suzhong Road, Baoying County, Jiangsu Province, and combined on-site and online voting. Chairman Sheng Changshan presided.
Five of the 11 directors in office attended: Chairman Sheng Changshan and independent directors Wang Yuetang, Wang Yimin, Pei Li, and Shen Huayu. Six directors, including Shao Wenlin, were absent on official duties. Board Secretary Zhang Shuren also attended.
Jiangsu Taihe Law Firm, represented by attorneys Yan Aizhong and Liu Xin, issued a legal opinion confirming that the meeting's convening and procedures, the qualifications of attendees, and the voting process and results were in compliance with laws and regulations.