Sinotrans Limited reported that shareholders overwhelmingly approved every item on the agenda at the 2025 Annual General Meeting (AGM) and the first Class Meetings of A- and H-share investors for 2026, held on 29 May 2026 in Beijing. All 11 resolutions at the AGM, plus the separate class-specific mandates, were passed by poll.

Key outcomes

• Authorisation to issue, allot and deal with new H-shares (Special Resolution No. 1) received 91.82% support of total votes cast (4.71 billion for vs. 0.42 billion against).

• Share buy-back mandate for up to 10% of issued H-shares (Special Resolution No. 2) was backed by 99.98% of votes (5.13 billion for).

• Updated mandate for issuance of debt-financing instruments (Special Resolution No. 3) gained 99.86% approval (5.12 billion for).

• Estimated 2026 guarantees (Special Resolution No. 4) passed with 91.35% support (4.68 billion for).

• Routine matters—Board work report, 2025 annual report, 2025 profit distribution (Resolution No. 7), authorisation for 2026 interim dividend (No. 8), 2026 audit appointment (No. 9), 2024 income settlement and 2025 remuneration (No. 10), and the new remuneration policy (No. 11)—all secured at least 99.77% approval, except for the auditor appointment which drew 98.88% support from H-shares and 99.77% overall.

Separate class meetings

• H-shareholders unanimously (100.00%) approved the H-share repurchase mandate.

• A-shareholders endorsed the same mandate with 99.98% support.

Participation

• At the AGM, 323 shareholders and proxies holding 5.13 billion shares—71.48% of total issued capital—voted. A-shareholders represented 58.44% of total share capital; H-shareholders accounted for 13.04%.

• Attendance at the class meetings covered 46.38% of H-shares and 81.29% of A-shares, respectively.

Compliance and vote validation

SHINEWING Certified Public Accountants LLP acted as scrutineer, and Jia Yuan Law Offices confirmed the legality of the meeting procedures and voting results. Sinotrans’ Board, chaired by Zhang Yi, now holds broad mandates for equity issuance, share repurchase, debt financing and guarantee arrangements through 2026, positioning the company for flexible capital management in the coming year.