Pingdingshan Tianan Coal to overhaul governance, elect new directors

Pingdingshan Tianan Coal Mining Co., Ltd. is preparing for its Third Extraordinary General Meeting of Shareholders in September 2025 to approve major amendments to its Articles of Association and other governance documents. A primary change involves abolishing the supervisory board, with its functions to be assumed by the board's audit committee, aligning with updated company law and regulatory guidelines.

The proposed revisions also include adjustments to the company's registered capital, which currently stands at 2,315,215,955 yuan. The company will also consider resolutions regarding the increase or decrease of registered capital, changes in the company's form, and the issuance of corporate bonds. The board of directors is authorized to issue shares or convertible bonds as needed.

Additionally, shareholders will vote on the election of new directors. Liang Wuxing and Fu Wenlong have been nominated by China Pingmei Shenma Holdings Group Co., Ltd., the controlling shareholder. Their proposed term of office would run until the expiry of the ninth session of the Board of Directors. Mr. Liang, born in October 1971, is a senior engineer and currently serves as the deputy general manager of Pingmei Shares. Mr. Fu, born in March 1975, is also a senior engineer and currently holds the position of chief engineer at Pingmei Shares.