China Qidian’s Share Grant Proposal Rejected

Qidian International Co., Ltd. (HK:1280) has released an update.

China Qidian Guofeng Holdings Limited announced that the resolution to grant 36,114,570 Award Shares to Executive Director Yuan Lijun was not approved at the recent extraordinary general meeting. Despite efforts to authorize this share allocation, only 13.13% of votes were in favor, resulting in the resolution’s rejection. This decision reflects the shareholders’ significant opposition to the proposed share grant.

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