HBYH(000422) Zheng Quan Zhi Xing·2025-06-02 08:26Core Viewpoint - The legal opinion letter confirms the legality and validity of the third extraordinary general meeting of shareholders of Hubei Yihua Chemical Co., Ltd. scheduled for May 30, 2025, and outlines the procedures followed for its convening and voting [1][2][3]. Group 1: Meeting Convening and Procedures - The meeting was convened by the board of directors of Hubei Yihua, with the proposal to hold the meeting approved during the board meeting on May 14, 2025 [3][4]. - The notice for the meeting was published on May 15, 2025, detailing the convenor, date, time, and voting procedures [4][6]. - The meeting's procedures were found to comply with the Company Law and the company's articles of association [6]. Group 2: Attendance and Voting - A total of 1,568 shareholders and their proxies attended the meeting, representing 414,688,953 shares, which is 38.3081% of the total shares [6][7]. - The meeting included 16 shareholders present on-site, while 1,557 participated via online voting, representing 188,578,256 shares or 17.4205% of the total shares [6][7]. - The attendance and voting qualifications of the participants were deemed valid and in accordance with legal requirements [7]. Group 3: Resolutions and Voting Results - The meeting reviewed several proposals, including the major asset acquisition and related party transactions, which required a special resolution with over two-thirds approval from attending shareholders [9][11]. - The voting results showed that the proposals received overwhelming support, with the majority of votes in favor exceeding 98% for most resolutions [12][15][20]. - The related party, Hubei Yihua Group Co., Ltd., abstained from voting due to its interest in the transactions [12][20].