Bilibili’s shareholders passed every resolution at the June 20, 2025 annual meeting and re-elected Ni Li, Yi Xu and Feng Li as directors

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Bilibili said on June 20, 2025 that every proposed resolution had been adopted at its annual general meeting of shareholders, held in Shanghai. Shareholders re-elected directors Ni Li and Yi Xu, and Feng Li as an independent director, each to serve until the 2028 annual general meeting. They also granted the directors general mandates to issue additional Class Z ordinary shares and to repurchase the company’s own shares. The company filed the news with the SEC the same day in a Form 6-K, the report that foreign companies listed in the United States file for information they make public, and attached the announcement of the poll results it made to the Hong Kong exchange on June 20.1^,2^,3^,4^,5^,6^,7^,8^,9^,10

Bilibili calls itself a company controlled through weighted voting rights: under its articles of association, each Class Y share carries ten votes and each Class Z share one on most resolutions. On the re-election of Feng Li and the re-appointment of the auditor, each share of both classes carried one vote. The mandate to issue additional Class Z ordinary shares, capped at 20% of the issued shares excluding treasury shares, drew 92.9% of the votes cast in favor and 7.1% against across both classes. Among Class Z shares alone, 64.1% voted for it and 35.8% against. The mandate to repurchase Class Z ordinary shares and ADSs, the American depositary shares that represent them, capped at 10% of the issued shares, drew 99.8% of the votes cast in favor across both classes.11^,12^,13^,6^,14^,15^,16^,17^,18^,19

Feng Li was re-elected with 92.4% of the votes for and 7.6% against. PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP were re-appointed as auditors until the next annual general meeting, with the board authorized to fix their remuneration for the year ending December 31, 2025; 81.7% voted for and 18.3% against.20^,6^,14^,21

For 2024, Bilibili’s annual report on Form 20-F, filed Mar 25, 2025, gave revenue of $3.68 billion and an operating loss of $184.12 million.22^,23^,24