STEC(SH:600820) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-15 15:46Group 1 - The board meeting of Shanghai Tunnel Engineering Co., Ltd. was held on October 14, 2025, with all 8 directors present, and the meeting complied with relevant laws and regulations [5] - All resolutions presented at the board meeting were approved unanimously, with no votes against or abstentions [3][4] - The board approved the work report and the proposal for the election of the 11th board of directors, which will consist of 9 members, including 3 independent directors [6][8] Group 2 - The 11th board candidates include recommendations from the controlling shareholder Shanghai Urban Construction Group and the second-largest shareholder Shanghai Guosheng Group, with specific candidates listed [6][7] - The board also approved the convening of the first extraordinary shareholders' meeting of 2025 to discuss the work report and the board election proposal [12] - The board agreed to apply for the issuance of shelf ABS (Asset-Backed Securities) not exceeding 3 billion yuan, to be submitted by a subsidiary [12]