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The latest update is out from Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ).
Zhejiang Shibao Company Limited, a PRC-based automotive components maker specializing in steering systems and listed in both A-share and H-share markets, held an extraordinary general meeting (EGM) on 30 December 2025 in Hangzhou. At the EGM, shareholders approved an ordinary resolution to adjust the investment amount of certain fund-raising investment projects, with 99.83% of votes cast in favour, indicating strong shareholder support for the company’s capital allocation plans. The resolution’s passage, with no shareholders required to abstain under Hong Kong Listing Rules, reinforces management’s flexibility to reallocate funds among approved projects, which could influence the progress and prioritization of its investment pipeline and may affect future operational and growth initiatives. Pan-China Certified Public Accountants LLP acted as the scrutineer of the poll, and all directors attended the meeting in person or electronically, underscoring the board’s engagement in the decision.
More about Zhejiang Shibao Co. Ltd. Class H
Zhejiang Shibao Company Limited is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, with both A shares and H shares in issue. The company operates in the automotive components sector, focusing on steering system products for vehicle manufacturers in China and overseas markets.
Average Trading Volume: 15,263,774
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$16.83B
Learn more about 1057 stock on TipRanks’ Stock Analysis page.