Lu'an Environmental Energy shareholders back governance reforms, financial support

Shanxi Lu'an Environmental Energy Development Co., Ltd. announced that its first extraordinary general meeting of shareholders in 2025, held on September 16, 2025, approved all eight proposed resolutions. Key approvals included the abolition of the supervisory board and its rules, revisions to the company's articles of association and registered address, and updates to rules governing shareholder and board meetings, as well as the independent director system. These governance changes passed with strong majority votes, reflecting shareholder confidence in the company's strategic direction.

Shareholders also approved revisions to the related party transaction rules, the guarantee management system, and a proposal to provide financial assistance to a wholly-owned subsidiary. These measures underscore efforts to streamline internal operations and support strategic investments. The meeting was attended by shareholders representing 64.8469% of total voting shares, with all resolutions passing by over two-thirds or over half of the effective voting rights present, as confirmed by Grandall Law Firm (Taiyuan).