Shandong Chenming announces EGM for board election, governance reforms

Shandong Chenming Paper Holdings Limited will hold its 2025 First Extraordinary General Meeting (EGM) on October 28, 2025, to address key corporate changes. Shareholders will vote on the election of the eleventh session of the board of directors, which will comprise 11 directors: 5 executive (including one employee representative), 2 non-executive, and 4 independent non-executive directors. The employee representative director will be elected separately by company employees.

The EGM agenda also includes proposed amendments to the articles of association and other rules, along with the abolishment of the supervisory committee. The functions and powers of the supervisory committee will be transferred to the board's audit committee to streamline the governance structure in line with the newly amended company law.

Independent non-executive directors, if elected, will receive an annual allowance of RMB200,000 (tax inclusive), paid monthly. Shareholders are advised to submit proxy forms at least 24 hours before the EGM, which will be held at the company's research and development centre in Shouguang City, Shandong Province.