Shanxi Coal International proposes governance overhaul, board of supervisors abolition

Shanxi Coal International Energy Group will hold its Second Extraordinary General Meeting of Shareholders on September 16, 2025, in Taiyuan City, to vote on critical corporate governance changes. The agenda includes a proposal to amend the company's Articles of Association and abolish the Board of Supervisors, transferring its functions to the Board of Directors' Audit Committee. This aligns with new Company Law and China Securities Regulatory Commission directives issued earlier in 2025.

Additionally, shareholders will review proposed revisions to seven key institutional documents. These include the Rules of Procedure for the Shareholders' Meeting, the Rules of Procedure for the Board of Directors, the Independent Director Work System, the Related Party Transaction Management System, the Online Voting Implementation Rules for Shareholders' Meetings, the Cumulative Voting System Implementation Rules, and the Fundraising Management System. These revisions align the company with updated regulatory requirements from the China Securities Regulatory Commission and the Shanghai Stock Exchange.

All proposals were approved by the company's Eighth Board of Directors at its thirty-second meeting on August 27, 2025, with details published on the Shanghai Stock Exchange website on August 28, 2025. Shareholders registered by September 9, 2025, are eligible to attend and vote, either in person, by proxy, or via online voting.