Pingtan Development: The first extraordinary shareholders' meeting in 2026 passed the proposal for bankruptcy liquidation of a subsidiary.

The Pingtan Development Announcement states that the first extraordinary shareholders' meeting will be held on March 19, 2026, using a combination of on-site voting and online voting. A total of 5569 shareholders and shareholder representatives attended the meeting, with a total voting rights for the company of 428,570,067 shares, accounting for 22.1852% of the total shares. The meeting passed the resolution on "Application for Bankruptcy Liquidation of Subsidiaries", with an overall approval rate of 98.9086% and a approval rate of 95.2075% from small and medium-sized investors. The lawyer believes that the resolution of this shareholders' meeting is legally valid.