China Energy Engineering to vote on governance changes, non-competition extension

China Energy Engineering Corporation Limited has announced upcoming resolutions for its Second Extraordinary General Meeting (EGM) and H Shareholders’ Class Meeting on December 23, 2025. Key proposals include amendments to the company’s articles of association and the dissolution of its board of supervisors. This corporate restructuring aims to align with the Company Law (2023 Revision) and other regulatory guidelines.

Additionally, shareholders will vote on extending time-limited non-competition commitments made by China Energy Group, the controlling shareholder. This extension proposes to move the deadline from December 31, 2025, to December 31, 2028, citing obstacles in resolving business overlap issues. China Energy Group, which directly and indirectly holds approximately 45.44% of the company's total issued share capital, will abstain from voting on this particular resolution due to a material interest.

The board of directors recommends that all shareholders vote in favor of these resolutions, stating they are in the best interests of the company and its shareholders. The EGM and class meetings will be held in Beijing, PRC, and all resolutions will be voted on by poll.