Shanxi Coal International approves governance overhaul, abolishes supervisory board

Shanxi Coal International Energy Group held its second extraordinary general meeting on September 16, 2025, where shareholders approved a comprehensive revision of the company's articles of association and related governance documents. Key changes include the abolishment of the supervisory board, with its functions and duties being integrated into the board of directors, specifically the audit committee. The updated articles of association specify a board of directors consisting of 11 members, including four independent directors and one employee representative director.

The revisions also encompass changes to the company's operational framework, including an increase in registered capital to RMB 1,982,456,140, a detailed outline for profit distribution prioritizing cash dividends, and updated regulations for external guarantees and financial assistance. These amendments aim to enhance governance, streamline decision-making processes, and protect shareholder interests. All proposals received overwhelming approval, with the core resolutions passing by over two-thirds of the votes cast.