Yitai Coal shareholders approve governance reforms, strategic merger

Inner Mongolia Yitai Coal Company Limited's second extraordinary general meeting of shareholders in 2025, held on September 15, approved several significant resolutions. A total of 304 shareholders and proxies, representing 2,185,208,356 voting shares or 74.599133% of the company's total voting shares, attended the meeting.

Key approvals included the re-election of independent directors, the cancellation of the supervisory board, and revisions to several corporate governance policies, including the "Rules of Procedure for Shareholder Meetings" and "Rules of Procedure for Board Meetings." These proposals were passed with substantial shareholder support, with the cancellation of the supervisory board receiving 93.786144% of votes in favor from common shares.

Additionally, shareholders approved the company's absorption merger with Yitai Equity Investment Management Co., Ltd. This resolution passed with 99.951185% of common share votes in favor. All resolutions were confirmed by legal counsel as compliant with relevant laws and regulations, ensuring the validity of the meeting and its outcomes.