Inner Mongolia Yitai Coal to streamline governance, merge with investment unit

Inner Mongolia Yitai Coal Co., Ltd. has announced an extraordinary general meeting of shareholders for September 15, 2025, to vote on several key proposals. The company plans to replace its independent director, Ms. Du Yingfen, who has reached her six-year term limit, with Mr. Duan Hui. The company also proposes to abolish its supervisory board, with its functions to be absorbed by the board of directors' audit committee. This move aligns with recent revisions to the Company Law and the CSRC’s Guidelines for Articles of Association, necessitating extensive amendments to the company's articles of association.

In a bid to streamline its management structure and reduce operating costs, Inner Mongolia Yitai Coal also intends to absorb and merge with Yitai Equity Investment Management Co., Ltd. The equity investment company, established in September 2019 with a registered capital of RMB 150 million, reported total assets of RMB 124,100.99 million and a net profit of RMB 2,825.06 million for the first half of 2025. The merger will result in the direct investment funds of Yitai Equity Investment Management Co., Ltd. being integrated into Inner Mongolia Yitai Coal.

These strategic changes are expected to centralize management of investment projects, improve overall control, and enhance decision-making efficiency, without materially impacting the company's operations, financial position, or the interests of its shareholders.