Zijin Mining revamps governance, expands board, abolishes supervisory committee

Zijin Mining Group Co., Ltd. announced comprehensive amendments to its Articles of Association following an extraordinary board meeting on November 28, 2025. A key change involves the abolishment of the supervisory committee, with its statutory functions and powers to be assumed by the audit and supervision committee of the board of directors. This move aligns with new regulatory rules and will take effect upon shareholder approval, at which point the duties of current supervisors will terminate.

The company also disclosed changes to its registered capital and share structure. Following share repurchases and cancellations totaling 2,539,100 restricted A shares and a placement of 251,900,000 new H shares, the total number of shares will adjust from 26,328,172,240 to 26,577,533,140. Consequently, the registered capital will change from RMB2,632,817,224 to RMB2,657,753,314.

Further governance enhancements include an expansion of the board of directors from 13 to 15 members, adding one employee director and one independent non-executive director. The expanded board will comprise seven executive directors, one non-executive director, and seven independent non-executive directors. In a notable recognition, Mr. Chen Jinghe, the company's founder, is proposed to be appointed as lifetime honorary chairman. New senior management positions, including standing vice-president and joint chief financial officer, will also be established to meet evolving management needs.