ZZEPC(SH:600023) Zheng Quan Zhi Xing·2025-08-22 08:13Core Viewpoint - Zhejiang Zheneng Power Co., Ltd. is holding a shareholder meeting to discuss key agenda items, including the re-election of a director and adjustments to performance compensation payment methods due to unmet profit commitments from a subsidiary [1][2]. Group 1: Shareholder Meeting Details - The shareholder meeting is scheduled for August 29, 2025, at 14:00, in Hangzhou, Zhejiang Province, combining on-site and online voting [1]. - The agenda includes the introduction of shareholder attendance, the announcement of the meeting's start, deliberation of proposals, voting, shareholder inquiries, reading of resolutions, and legal opinions from the witnessing lawyer [1]. Group 2: Director Re-election Proposal - The proposal for the re-election of a director is necessitated by the resignation of Chairman Yu Guoping due to age, with Liu Weimin recommended as a candidate [1]. - Liu Weimin, born in 1967, holds a master's degree and is currently the General Manager and Party Secretary of the company, with prior experience in various leadership roles within the organization [1]. Group 3: Performance Compensation Adjustment - Due to Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. failing to meet its profit commitments, a compensation of 148,260,767.22 yuan is required from Lin Jianwei [2]. - The payment method has been adjusted to allow Lin Jianwei to pay the compensation in four installments, with the first payment of at least 40 million yuan due by June 30, 2026 [2][3]. - The total profit achieved by Zhonglai from 2022 to 2024 was only 71,538,482.27 yuan, significantly below the promised 1.6 billion yuan [2]. Group 4: Revised Voting Procedures - A proposal to revise the "Cumulative Voting System Implementation Rules" has been made to align with new legal regulations and improve company governance [4][5]. - The revisions include changing "Shareholder Meeting" to "Shareholder Assembly" and removing references to the supervisory board [5].