China High Speed Transmission Equipment Group Co., Ltd. (CHSTE, Stock code: 658) has announced the postponement of its extraordinary general meeting (EGM), originally scheduled for 27 October 2025, to 10:00 a.m. on 30 June 2028 at Jinhu Hall, Jinhu Mingfa International Hotel, Jiangsu Province, China. The board cites multiple recent developments, including allegations from Fullshare, letters of opposition from minority shareholders, and a workers’ union petition signed by approximately 8,000 employees.

The board highlights concerns that proceeding with the EGM as scheduled could disrupt the company’s stability. In particular, the potential removal of current directors, as proposed in the resolutions, could trigger defaults in financial arrangements and negatively affect relationships with suppliers and customers. The board also notes that civil and criminal proceedings against Fullshare and related parties have not reached a conclusive stage, and the findings of an independent investigation into alleged misappropriations have been presented to the board.

According to the announcement, the postponement is intended to align the discussion of overlapping resolutions with the previously postponed EGM set for the same date. The board underscores that any attempt to conduct the EGM on its original date would contravene the articles of association. Closure of the transfer books and arrangements for proxy forms related to the new date will be disclosed separately.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares. The board maintains that the postponement represents a temporary measure to protect the overall interests of the company and its shareholders and to ensure that all legal and investigative processes can progress to more definitive stages ahead of the rescheduled meeting.