China Molybdenum to vote on board changes, governance overhaul

China Molybdenum Group Limited has announced a 2025 Second Extraordinary General Meeting (EGM) for Monday, December 8, 2025, to address key corporate changes. The agenda includes the proposed election of Peng Xuhui as an executive director and Ma Fei as a non-executive director to the company's seventh session of the Board. Peng, born in 1981, holds a doctorate in electronics and information, while Ma, born in 1977, holds a master's degree in economics. Both candidates' terms would commence upon EGM approval and last until the 2026 annual general meeting.

A major governance proposal involves the cancellation of the supervisory committee, with its powers to be assumed by the Audit and Risk Committee of the Board. This restructuring also necessitates extensive amendments to the company's articles of association and internal control systems to align with regulatory guidelines and enhance operational standards. These proposed amendments will be put forth as a special resolution at the EGM.

Shareholders are invited to attend the EGM at 1:30 p.m. at the Beijing Hall, 2nd Floor, River Wing, Pudong Shangri-La, Shanghai. The H shares register of members will close from December 2 to December 8, 2025, to determine voting eligibility.