LOOTOM(SZ:300555) Sou Hu Cai Jing·2025-11-10 00:57Core Points - ST Luton (300555) announced that the resolutions from the second extraordinary general meeting of shareholders in 2025 are considered legal and valid despite media reports suggesting otherwise [1][2] - The company experienced a disruption during the meeting on November 7, where the former chairman, Qiu Jingwei, attempted to cancel the meeting without justification, leading to a reorganization of the meeting order [2] - The company reported that the meeting was attended by 20 shareholders representing 30.0059 million shares, which is 15.0029% of the total share capital [2] - Following the meeting, Qiu Jingwei and another director, Fu Xinyue, were dismissed, and Tan Wenshu was elected as a non-independent director, with multiple management changes occurring [3] - The company condemned the actions of certain shareholders who held an unauthorized meeting, stating it violated relevant laws and regulations [4] Financial Performance - ST Luton has faced declining revenue for two consecutive years, with a continuous loss in net profit attributable to shareholders for six years, showing an increasing trend in losses [5] - From 2019 to 2024, the company's net profit attributable to shareholders (excluding non-recurring gains and losses) was -0.8941 million, -5.435 million, -27.07 million, -24.20 million, -44.40 million, and -61.45 million respectively [5] - In the first three quarters of this year, the company reported total operating revenue of 62.919 million, a year-on-year decrease of 26.68%, with a net loss of 36.2691 million, slightly improved from a loss of 36.7263 million in the same period last year [5]