议案全过但争议未平！华设集团累积投票制设30％门槛，股东称不认可管理层作为

Core Viewpoint - The ongoing disputes surrounding Huasheng Group's governance and shareholder voting rights have intensified, particularly regarding the proposed amendments to the company's articles of association that could limit the influence of minority shareholders [2][5]. Group 1: Shareholder Voting Rights and Governance - Huasheng Group's proposed amendment to its articles of association aims to change the cumulative voting system, requiring a single shareholder and their concerted actions to hold at least 30% of shares for it to be applicable [2][5]. - The amendment has been met with opposition from minority shareholder Hangzhou Zhongyikun Management Consulting Co., which argues that it will diminish the ability of small shareholders to participate in corporate governance [2][4]. - The company’s new secretary, Deng Runfei, defends the non-cumulative voting system as a reasonable choice for companies without a major shareholder, aligning with national regulations and the company's governance characteristics [2][6]. Group 2: Recent Shareholder Meetings and Proposals - In December 2025, Huasheng Group announced the agenda for its 2026 first extraordinary general meeting, which included the controversial articles amendment and the election of Yang Weidong as a non-independent director [5]. - Despite a significant turnout of shareholders at the meeting, with 588 attendees representing 40.86% of voting rights, the proposed amendments passed with an 81% approval rate [5][6]. - Hangzhou Zhongyikun's proposal to elect Huang Qingzhou as a non-independent director was submitted as a temporary proposal but faced procedural challenges, leading to its rejection with only 11.83% approval [4][6]. Group 3: Shareholding Structure and Company Strategy - Huasheng Group has a highly dispersed shareholding structure, with the largest shareholder holding only 4.17% and the top three shareholders collectively owning 11.03% [6][7]. - Approximately 25% of the company's shares are held by employees, including executives, reflecting a commitment to maintaining a non-controlling shareholder status [7]. - The company is undergoing a strategic transformation from a traditional engineering design firm to an innovative technology enterprise, emphasizing the need for a governance structure that supports this transition [6][7].