Core Viewpoint - The announcements detail the resolutions passed by the supervisory board and board of directors of China Energy Construction Co., Ltd., including the approval of the Q3 2025 report and the extension of the non-competition commitment by the controlling shareholder until December 31, 2028 [2][6][19][23]. Group 1: Supervisory Board Meeting Resolutions - The supervisory board approved the Q3 2025 report with a unanimous vote of 3 in favor [4][3]. - The board also approved the extension of the controlling shareholder's non-competition commitment for an additional 3 years [6][7]. Group 2: Controlling Shareholder's Non-Competition Commitment - The non-competition commitment's deadline has been extended from December 31, 2025, to December 31, 2028, to address business overlaps between the company and its controlling shareholder [10][14]. - The company and its controlling shareholder have been exploring various solutions to resolve business overlaps, including equity transfers and business adjustments, but have faced challenges due to multiple factors [12][13]. Group 3: Impact on the Company - The extension of the non-competition commitment is not expected to adversely affect the company's current or future operations, nor will it harm the interests of shareholders, particularly minority shareholders [17][36]. - The company has also adjusted its 2025 investment plan, reducing the total planned investment from 135.4 billion to 131.1 billion [27]. Group 4: Related Transactions - The company plans to sign a framework agreement for commercial factoring services with Beijing Nengjian Guohua Commercial Factoring Co., Ltd., allowing for a maximum of 2 billion in non-recourse factoring services and 800 million in recourse factoring services for 2026 [30][34]. - This agreement aims to enhance supply chain financial management and improve the overall efficiency of the company's financial operations [31][36].
中国能源建设股份有限公司 第三届监事会第三十四次会议决议公告