Chihong Zinc & Germanium to hold EGM on capital reduction, governance changes

Yunnan Chihong Zinc & Germanium Co., Ltd. (Chihong Zinc & Germanium) has scheduled its first extraordinary general meeting (EGM) for September 11, 2025, to address several critical proposals. Shareholders will vote on a reduction in registered capital, the abolishment of the Supervisory Board, and corresponding revisions to the company's Articles of Association. This follows the company's buyback and cancellation of 50,911,085 shares on July 17, 2025, reducing its total share capital and registered capital by 50,911,085 yuan.

Further proposed changes include amendments to the Rules of Procedure for Shareholder Meetings, the Rules of Procedure for Board Meetings, and the Independent Director System. These revisions align with updated regulations and internal governance enhancements. The company also seeks approval to reappoint ShineWing Certified Public Accountants as its financial and internal control auditor for 2025, with audit fees expected to remain at 1.89m yuan, subject to adjustment for significant asset changes.

Additionally, the EGM will consider a 2025 interim profit distribution plan. Chihong Zinc & Germanium proposes a cash dividend of 0.30 yuan per 10 shares to all shareholders registered on the equity distribution record date. Based on the current total share capital of 5,040,380,483 shares, the total cash dividend will amount to 151,211,414.49 yuan, with no capital reserve converted into share capital.