Suntar Eco-City Approves All Resolutions at FY2024 AGM, Highlights Stable Growth in Health and Property Segments
Summary:
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Suntar Eco-City Limited held its AGM on 29 May 2025, chaired by Mr. Foong Daw Ching.
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All seven resolutions, including the adoption of FY2024 financials, re-election of three directors, and re-appointment of auditors, were passed with near-unanimous approval.
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Directors Dr. Lan Weiguang and Mr. Lan Yihong were re-elected without compensation from the company; Dr. Lan also extended interest-free financial support.
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FY2024 performance highlights included stable gross profit in Health & Nutrition despite revenue headwinds, and solid contributions from the Huawei JV.
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Property development saw good sell-through rates, with 75% of units sold in the Hailan project.
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The RMB 5 million associate income was confirmed as recurring. The water segment is expected to become a key future revenue stream.
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No new shares were issued, and no share buybacks occurred in the past year. The company holds no treasury shares.