Yinchuan Xinhua Commercial Group schedules board elections, independent director stipends

Yinchuan Xinhua Commercial Group Co., Ltd. will hold its fifth extraordinary general meeting of shareholders on September 26, 2025. The meeting will address key governance matters, including the election of its Tenth Board of Directors and the approval of independent director annual stipends. Shareholders will vote on five non-independent director positions and three independent director positions.

A significant agenda item is the proposal for independent directors' annual stipends. The company suggests an annual allowance of 80,000 yuan per independent director (pre-tax), reflecting current operational realities and regional market practices. The meeting will be held both in-person in Yinchuan and via online voting, starting at 9:30 AM for the physical meeting and 9:15 AM for online voting.

The elections for both non-independent and independent directors will utilize a cumulative voting system, ensuring proportional representation. The current Ninth Board of Directors' term is nearing its end, prompting this comprehensive re-election process. Biographical details for all nominated candidates are provided for shareholder review.