Yitai Coal overhauls governance, boosts transaction limits, clarifies guarantees

Inner Mongolia Yitai Coal has approved a series of governance reforms, including the abolition of its supervisory board, with its functions transferred to the board's audit committee. This change, along with numerous revisions to the articles of association and other internal management systems, was approved on August 29, 2025. The company also increased its daily related-party transaction limit for railway transportation services from yuan 220,400 to yuan 339,400 for 2025-2026, citing increased shipping volumes for cost efficiency.

Furthermore, Inner Mongolia Yitai Coal reported yuan 44.29 million in guarantees issued in July 2025, bringing the total outstanding guarantees for its holding and wholly-owned subsidiaries to yuan 31.32 bn, representing 65.09% of its net assets. The company clarified that all external guarantees are within the scope of its consolidated financial statements, minimizing risk. A risk assessment of Inner Mongolia Yitai Finance Co. Ltd., in which the company holds a 40% stake, confirmed robust internal controls and no significant financial risks from associated deposit and loan activities.

The company also introduced new management policies, including a derivatives trading management system to regulate commodity futures and options for hedging, and an information disclosure management system for non-financial debt financing instruments. These comprehensive updates aim to enhance corporate governance, streamline operations, and ensure compliance with regulatory requirements.