Shengli Oil & Gas Shareholders Approve Key Resolutions

Shengli Oil & Gas Pipe Holdings Ltd. (HK:1080) has released an update.

Shengli Oil & Gas Pipe Holdings Ltd. announced successful passage of almost all resolutions at their Annual General Meeting held on June 21, 2024, with a notable exception in the defeat of resolution 2(b), concerning the re-election of executive Director Mr. Zhang Bangcheng. Shareholders voted overwhelmingly in favor of other agenda items, including the adoption of financial statements and the re-election of various directors. The company also secured mandates to issue new shares and repurchase existing ones, strengthening its financial maneuverability.

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