Huaibei Mining shareholders approve key proposals at EGM

Huaibei Mining Holdings Co., Ltd. held its first extraordinary general meeting of shareholders on September 23, 2025, at its conference center in Huaibei City, Anhui Province. A total of 398 shareholders and proxies attended the meeting, representing 1,749,108,196 shares, or 64.9439% of the company's total voting shares. The meeting, chaired by chairman Sun Fang, utilized a combination of on-site and online voting, with all resolutions passing successfully.

Key resolutions approved include the application for registration and issuance of medium-term notes, which garnered 99.9436% of votes in favor, and the cancellation of the supervisory board and amendment of the "Articles of Association," approved with 98.6639% support. Several management system amendments were also passed, covering areas such as shareholder meeting rules, board of directors meeting rules, independent director system, remuneration management, related party transaction rules, and fundraising management.

Other significant approvals included the company's external guarantee management system, external investment management system, financial management system, cumulative voting system implementation rules, and regulations for preventing major shareholders and related parties from occupying company funds. The re-election of non-independent directors was also approved with 99.9279% of votes in favor. All special resolutions received more than two-thirds of the votes, while ordinary resolutions passed with over half of the votes, as confirmed by Anhui Tianhe Law Firm.