Baotou Huazi shareholders approve governance changes, elect worker director

Baotou Huazi Industry Co., Ltd. held its third extraordinary general meeting of shareholders for 2025 on November 6, 2025. All thirteen proposals presented were passed, including the resolution to change the company's business scope and several revisions to its corporate governance documents. The meeting saw 115 shareholders and proxies attend, representing 232,642,747 shares, or 47.9743% of the total voting shares. All proposals were approved by a significant majority.

The passed resolutions include critical updates to the company’s articles of association, the rules of procedure for the board of directors and shareholders’ meetings, and the external guarantee management system. Additionally, shareholders approved the repeal of the rules of procedure for the supervisory committee and the re-election of an accounting firm.

A separate announcement confirmed the election of Liu Dongsheng as a worker director for the company’s ninth board of directors, effective from November 2025. Liu, born in April 1990, previously served as an administrative director for the company from May 2023 to July 2025. This appointment ensures worker representation on the board, maintaining compliance with relevant regulations and company articles.