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SinoHytec Shareholders Approve 2026 Related-Party Deals and Supplemental Agreement at EGM

Story Highlights
  • SinoHytec’s EGM passed all resolutions by poll with about a quarter of shares voting.
  • Shareholders approved 2026 related-party deals and a supplemental sales agreement after interested directors abstained.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) just unveiled an update.

Beijing SinoHytec Co., Ltd. announced that its extraordinary general meeting held in Beijing on 23 December 2025 duly passed all proposed ordinary resolutions by poll, with shareholders representing about 24.35% of issued shares participating in person, by proxy or online. Key items approved included the company’s estimated ordinary related-party transactions for 2026 and the Second Sale of Goods Supplemental Agreement, from which several director-shareholders abstained due to their interests, thereby clearing regulatory requirements and enabling the company to proceed with its planned connected transactions and commercial arrangements for the coming year.

More about Beijing SinoHytec Co., Ltd. Class H

Beijing SinoHytec Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 2402, with both A shares and H shares in issue. The company’s shareholder base includes related-party directors who hold significant stakes and are subject to abstention rules in connected transactions under Hong Kong listing regulations.

Average Trading Volume: 2,006,953

Technical Sentiment Signal: Hold

Current Market Cap: HK$6.9B

See more insights into 2402 stock on TipRanks’ Stock Analysis page.

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