Shandong Chenming shareholders approve governance changes and new board

Shandong Chenming Paper Holdings Limited’s 2025 First Extraordinary General Meeting, held on October 28, 2025, saw shareholders approve all proposed ordinary and special resolutions, including amendments to governance rules and the appointment of new directors. A total of 454 shareholders (proxies) representing 481,515,594 shares, or 16.4085% of voting rights, were present.

Key approvals included the adjustment of the company’s governance structure and amendments to the Articles of Association, passed with 98.5718% of votes for. Resolutions on amendments to the Procedural Rules of the General Meeting and Board Meeting also passed with overwhelming support, at 99.4877% and 99.5344% respectively.

Following the general meeting, Mr. Jiang Yanshan was appointed chairman of the eleventh session of the board. The board also elected new executive, non-executive, and independent non-executive directors, with their terms commencing immediately. The allowances for non-executive and independent non-executive directors were fixed at RMB200,000 per person annually.