Board Rejects Shareholder's Proposal for Extraordinary General Meeting at Bioperfectus Technologies; Seal Validity Dispute Draws Attention

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Bioperfectus Technologies announced on October 8 that the eighteenth meeting of its third board of directors was held on October 2, 2026, to review the proposal on agreeing to the controlling shareholder's request to convene an extraordinary general meeting. The result was 4 votes in favor, 5 against, and 0 abstentions, so the proposal was not passed. Directors who voted against included Wang Guoqiang, Liang Kecheng, Guo Haitao, Jia Zhaoqiang, and independent director Liu Xiaolun. Wang Guoqiang's main reason for opposition was that the controlling shareholder's relevant documents are subject to a dispute over seal validity, and the lawsuit for dissolution of the controlling shareholder is still pending, which could have a major impact on the company's control. The reasons given by the other opposing directors also involved the seal validity dispute and information asymmetry. The company also received a regulatory work letter from the Shanghai Stock Exchange, with the matter for handling being precisely the board resolution and related issues. In the first half of 2026, Bioperfectus Technologies achieved revenue of 147 million yuan and net profit attributable to the parent company of 19.56 million yuan.

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Jiangsu Bioperfectus Technologies Co Ltd
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Board rejected the controlling shareholder's request to convene an extraordinary general meeting amid a seal-validity dispute and an ongoing dissolution lawsuit, and the Shanghai Stock Exchange issued a regulatory work letter on the matter.

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