Jilin Forest Industry shareholders approve major governance overhauls

Jilin Forest Industry Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 4, 2025, where key proposals to revise the company's governance documents were approved. The meeting, attended by 362 shareholders representing 222,527,171 shares or 31.1140% of voting rights, saw all resolutions passed without any rejections.

A significant outcome was the approval of the proposal to amend the "Articles of Association" and abolish the supervisory board, which garnered 98.7709% of votes in favor. Shareholders also approved revisions to the "Shareholder Meeting Rules" and the "Board of Directors Meeting Rules," with 99.0178% and 99.0207% of votes in favor, respectively. Additionally, a proposal to add content to the "Articles of Association" was passed with 99.0188% of votes.

The meeting procedures, attendance qualifications, and voting results were confirmed as lawful and valid by Jilin Jindian Law Firm. This restructuring marks a notable shift in the company's oversight and operational framework moving forward.