CMST(SH:600787) Shang Hai Zheng Quan Bao·2025-11-14 19:19Meeting Overview - The first extraordinary general meeting of shareholders for 2025 was held on November 14, 2025, in Beijing [2] - The meeting was convened by the board of directors and chaired by Mr. Fang Yongbin, with a combination of online and on-site voting [2][3] Resolutions Passed - The proposal to abolish the supervisory board and amend the Articles of Association was approved [4] - The proposal to amend the rules of procedure for the general meeting of shareholders was approved [4] - The proposal to amend the rules of procedure for the board of directors was approved [4] - The proposal for capital increase through debt-to-equity swap for Zhongchu Hengke IoT System Co., Ltd. was approved [4] Board of Directors Election - The election of the 10th board of directors included 5 non-independent directors and 3 independent directors, with Mr. Fang Yongbin elected as the chairman for a term of three years [9][29] - The board's specialized committees were established, including the Audit and Risk Management Committee, Strategic and Investment Management Committee, Compensation and Assessment Committee, and Nomination Committee [10][30] Senior Management Appointments - Mr. Wang Haibin was appointed as the general manager for a term of three years [12] - Other senior management appointments included four vice general managers and a chief accountant, all for a term of three years [13][31] Legal Compliance - The meeting and voting procedures were confirmed to comply with the Company Law and the Articles of Association, ensuring legality and validity [7]