Shanghai Dazhong Public Utilities (Group) Co., Ltd. (DZUG) has released the proxy form and full agenda for its 2025 Annual General Meeting (AGM), scheduled for 17 June 2026 at 14:30 in Shanghai.
Key resolutions to be tabled:
1. 2025 Operating Results • Shareholders will review the board of directors’ 2025 work report and vote on the annual profit-distribution proposal.
2. 2026 Related-Party Transaction Mandates • Eight ordinary resolutions seek annual caps for transactions between group subsidiaries and counterparties such as Shanghai Gas, Shanghai Gas Group, Dazhong Business Management, Dazhong Transportation and their respective subsidiaries. • Transactions cover the purchase and sale of natural gas, goods and services, asset leasing, and financial-leasing/factoring arrangements.
3. Capital Management • Approval to apply for 2026 bank credit facilities and to grant guarantees for controlled subsidiaries. • Authorisation to deploy idle funds in securities investment and entrusted wealth-management products. • Registration and potential issuance of domestic corporate bonds and overseas bonds.
4. Auditor Re-appointments • Separate votes will confirm the re-appointment of the current domestic and overseas financial and internal-control auditors for the 2026 fiscal year.
5. Remuneration Governance • Proposals include revisions to the Director and Officer Remuneration Management Policy and the 2026 remuneration scheme.
6. Board Re-election (Cumulative Voting) • Shareholders will elect the 13th Board of Directors: – Executive directors: Yang Guoping, Liang Jiawei, Wang Baoping (all standing for re-election). – Non-executive directors: Zhao Yeqing, Jin Yongsheng (both seeking re-election). – Independent non-executive directors: Jiang Guofang, Li Yingqi, Yang Ping (re-election) and Zheng Wei (new appointment). • The cumulative-voting mechanism allows shareholders to allocate multiple votes per share across candidates.
Procedural notes:
• Ordinary resolutions require more than 50 % approval; special resolutions require at least two-thirds. • Holders of H shares must lodge proxy forms with Computershare Hong Kong Investor Services by 14:30 on 16 June 2026 to appoint a representative or vote in absentia. • The meeting venue is Berlin Hall, 3rd Floor, Xujiahui Center Intercity Hotel, 1515 Zhongshan West Road, Xuhui District, Shanghai.
Shareholders are advised to review the detailed circular dated 14 May 2026 for full resolution texts and voting instructions.