Yibin Paper Industry: 2024 AGM approves board, financing, restructuring

Yibin Paper Industry Co., Ltd. (SSE:600793) successfully held its 2024 Annual General Meeting (AGM) on May 21, 2025, approving all agenda items. Shareholders elected Li Jianwei as Chairman in the first meeting of the 12th Board of Directors. The company's key resolutions approved at the AGM included the 2024 Board and Supervisory Committee reports, the 2024 financial results and 2025 budget, a profit distribution plan, a planned financing program, and the appointment of senior management including appointing Lu Yanzhi as General Manager. The company also approved the cancellation of the Supervisory Board, and subsequent revisions to the company's articles of association and management system. All resolutions were approved by significant majorities of shareholders. The company's legal counsel, Beijing Tianyuan (Chengdu) Law Firm, provided a legal opinion affirming that the AGM's procedures and resolutions were in full compliance with relevant laws and regulations.