China Coal Xinji elects new leadership at AGM

China Coal Xinji Energy (SSE:601918) convened its 2024 Annual General Meeting (AGM) on June 26, 2025, where shareholders approved all resolutions. Key outcomes included the election of Liu Feng as the new Chairman of the Board and the appointment of Sun Kai as General Manager. Shareholders also approved the 2024 financial reports, profit distribution plan, and the renewal of the auditing firm for 2025. Additionally, amendments to the company's articles of association and internal rules were passed, including the abolishment of the supervisory board. The AGM saw participation from 383 shareholders representing 1,421,230,470 shares, accounting for 54.8622% of the total voting shares. Beijing Jiayuan Law Firm provided legal counsel, affirming the AGM's compliance with relevant laws and regulations. The approved profit distribution plan was discussed, with a separate vote held for minority shareholders. Furthermore, Liu Feng, Sun Kai, Wu Fengdong, Pan Hongxia, and Peng Weidong were elected as non-independent directors, while Huang Guoliang, Yao Zhishu, and Kong Lingyong were elected as independent directors. The company's board consists of eight directors. Shareholders also approved a cash dividend, with separate tabulations for minority shareholders holding less than 5% of the shares. All of the 18 proposed resolutions were passed, including a special resolution for the abolishment of the supervisory board.