Zijin Mining to expand board, appoint founder as honorary chairman

Zijin Mining Group Co., Ltd. will convene its second extraordinary general meeting (EGM) in 2025 on Wednesday, December 31, 2025. Key proposals for shareholder approval include comprehensive amendments to the company's articles of association and various governance rules, such as those governing shareholders' meetings, board of directors meetings, terms of reference of independent directors, and administrative measures for connected transactions. These changes aim to align with new companies law and regulatory rules, including the abolishment of the supervisory committee, with its functions transferred to the audit and supervision committee of the board.

Additionally, the EGM will address proposals for the formulation of remuneration management policies and a remuneration and assessment plan for directors and senior management of the ninth term. A notable item is the proposed appointment of Mr. Chen Jinghe, the company's founder, as lifetime honorary chairman in recognition of his significant contributions. The board of directors will also expand from 12 to 15 members, comprising 7 executive directors (including one employee director), 1 non-executive director, and 7 independent directors.

The EGM will also include the election of non-independent and independent directors for the ninth term through cumulative voting. The company's total issued shares will adjust to 26,577,533,140, with registered capital increasing to RMB2,657,753,314, reflecting recent share repurchases, cancellations, and H share placements.