Eastroc Beverage (Group) Co., Ltd. (Eastroc) announced that its 2026 third extraordinary general meeting (EGM) convened on 9 October 2026 in Shenzhen concluded with overwhelming shareholder support for a complete refresh of the Board of Directors and associated committee leadership changes.
A quorum representing 496.86 million shares—approximately 67.67 % of the company’s total 734.20 million issued shares—participated through in-person, proxy and online voting. The company’s 7.12 million treasury A-shares, held in its repurchase account, carried no voting rights and were excluded from the poll.
Key outcomes:
• Six non-independent directors elected or re-elected: Lin Muqin (also Chairman and CEO), Lin Mugang, Jiang Weiwei, Lu Yifu, newly appointed Hu Yajun and Yu Bin. • Four independent directors elected or re-elected: Tai Kwok Leung (Alexander), Zhao Yali, Li Hongbin, and newly appointed Zhang Ya. • All resolutions secured support ranging from 98.59 % to 99.65 % of votes cast, comfortably above the simple-majority threshold. • Employee representative Lin Daiji, chosen on 23 September 2026, joined the new 11-member fourth Board session at the EGM’s close.
Directorate changes:
• Executive Director Zhang Lei and Independent Non-Executive Director You Xiao retired at the conclusion of the meeting; both confirmed no disagreements with the Board. • Following Board resolutions on 9 October 2026, Zhang Ya succeeds You Xiao as chair of both the Remuneration and Appraisal Committee and the Nomination Committee.
Legal and procedural validation:
DeHeng Law Offices, acting as independent counsel, confirmed that the EGM’s convening, voting process and results complied with the Company Law and relevant regulations, rendering all resolutions lawful and effective.
Eastroc’s refreshed Board now comprises seven executive directors—Lin Muqin, Lin Mugang, Lu Yifu, Jiang Weiwei, Hu Yajun, Yu Bin and employee representative Lin Daiji—and four independent non-executive directors—Zhao Yali, Zhang Ya, Li Hongbin and Tai Kwok Leung (Alexander).