POWERCHINA Ltd(SH:601669) Zheng Quan Zhi Xing·2025-06-13 09:19Core Viewpoint - The annual shareholder meeting of China Power Construction Corporation is scheduled for June 26, 2025, focusing on various resolutions including the board and supervisory reports, financial statements, and future plans for shareholder returns and budgets [1][2][3]. Meeting Guidelines - The meeting will adhere to legal regulations and company bylaws, requiring shareholders to present valid identification and registration documents for attendance [1][2]. - Shareholders must register by June 25, 2025, and will be allowed to speak only if they register in advance [2][3]. - Voting will be conducted through both on-site and online methods, with a requirement for a simple majority for resolutions to pass [3][4]. Meeting Agenda - The meeting will commence with the announcement of attendees and the reading of various resolutions, including: - The 2024 Board of Directors' work report - The 2024 Supervisory Committee's work report - The 2024 annual report and its summary - The 2024 financial accounting report - The profit distribution plan for 2024 - The three-year shareholder return plan for 2025-2027 - The budget report for 2025 - The guarantee plan for 2025 - Financial assistance proposals for affiliated project companies - Appointment of auditing firms for 2025 - Authorization for the board to issue debt financing tools - Purchase of liability insurance for directors and senior management - Salary proposals for directors and supervisors for 2024 and 2025 - Election of independent directors for the fourth board [3][4][5]. Board of Directors' Work Report - The board emphasizes adherence to national strategies and company goals, enhancing governance and internal controls, and achieving significant awards for transparency and governance [5][6]. - The board has established a governance system that integrates various operational and regulatory requirements, ensuring effective decision-making and risk management [6][7]. - The board has focused on core industries such as water, energy, and urban development, aligning investments with national development strategies [7][8]. Supervisory Committee's Work Report - The supervisory committee has conducted oversight on the company's operations, ensuring compliance with laws and regulations, and has reviewed significant investment projects [22][23]. - The committee has established a routine supervision mechanism, enhancing communication with management and ensuring timely rectification of identified issues [23][24]. - The committee has confirmed that the company's financial operations are sound and compliant, with no adverse findings regarding related party transactions [24][25]. Future Plans - The company aims to enhance its governance structure and decision-making processes, focusing on strategic planning and risk management to ensure sustainable growth [18][20]. - The board plans to deepen reforms and innovation, fostering a culture of accountability and performance within the organization [19][20]. - The company will continue to prioritize compliance and risk management, ensuring robust oversight of its operations and investments [20].