Shareholders of PSA/Peugeot-Citroen approved by a large majority the rescue deal that makes Chinese carmaker Dongfeng Motor and the French state core shareholders of the struggling automaker.

At the company’s annual general meeting on Friday, the investor base also voted to approve the appointment of board members representing the two parties, with 88 percent in favor.

They also backed a four-year mandate for Louis Gallois, the French civil servant who replaced Thierry Peugeot as chairman under the plan, with a 97 percent vote in favor.