Jiangxi Copper seeks shareholder approval for bond issuance

Jiangxi Copper Company (SSE:600362) is holding its 2024 annual shareholder meeting on June 6, 2025, to vote on key resolutions, including a proposal to authorize the board of directors to handle matters related to a potential public offering of corporate bonds. The proposed resolution seeks authorization for the issuance of bonds with a face value not exceeding CNY 10 billion, to be offered to professional investors. The proceeds are intended to be used for repaying interest-bearing debt, supplementing working capital, or project construction. Shareholders will also vote on the 2024 Board and Supervisory Committee work reports, the audited financial reports, and a proposed cash dividend of CNY 0.70 per 10 shares. Finally, they will consider the reappointment of Ernst & Young Hua Ming as the domestic auditor and Ernst & Young as the international auditor for the 2025 fiscal year.