Shanxi Coking amends articles, abolishes board of supervisors

Shanxi Coking Co., Ltd. announced on September 27, 2025, that its board of directors and supervisory board approved the amendment of its articles of association and the abolition of the board of supervisors. This decision aligns with the "Company Law," the "Transitional Arrangements for Supporting Rules of the New Company Law," and the "Guidelines for Articles of Association of Listed Companies (2025 Revision)."

Key changes include discontinuing the board of supervisors, with the board of directors' audit committee assuming its responsibilities. Related terms like "supervisory board" and "supervisor" will be replaced by "audit committee" and "audit committee members." Additionally, the company will introduce an employee representative director to its board, elected through democratic processes. The amendments also involve adding new chapters on "controlling shareholders and actual controllers," "independent directors," and "board special committees," while removing the chapter on "working rules for board special committees."

These revisions, which also modify the scope of authority for the general meeting of shareholders and the board of directors, and strengthen shareholder rights, are subject to approval by the general meeting of shareholders. The new articles of association will take effect immediately upon shareholder approval.