STEC(SH:600820) Shang Hai Zheng Quan Bao·2025-10-14 19:13Group 1 - The board meeting of Shanghai Tunnel Engineering Co., Ltd. was held on October 14, 2025, with all 8 directors present, and the meeting was conducted in accordance with relevant laws and regulations [5] - All resolutions proposed during the board meeting were approved unanimously, with no dissenting or abstaining votes [3][4] - The board approved the election of the 11th board of directors, which will consist of 9 members, including 3 independent directors and 1 employee director [6] Group 2 - The board of directors communicated with the actual controller, Shanghai State-owned Assets Supervision and Administration Commission, and major shareholders to propose candidates for the 11th board [6] - The candidates for the 11th board include recommendations from Shanghai Urban Construction Group and Shanghai Guosheng Group [6][7] - The board also approved the convening of the first temporary shareholders' meeting of 2025 to discuss the board work report and the election proposal [12] Group 3 - The board agreed to apply for the issuance of shelf ABS (Asset-Backed Securities) not exceeding 3 billion yuan through its subsidiary [12] - The board approved the implementation plan for the reform of the wage decision mechanism for 2025-2026 [12]