Lanhua Sci-Tech shareholders approve governance overhaul, abolish supervisory board

Shanxi Lanhua Sci-Tech Venture Company Limited announced that its second extraordinary general meeting of shareholders for 2025, held on November 21, 2025, approved all proposed resolutions. A total of 416 shareholders and proxies attended the meeting, representing 684,630,227 voting shares, which constituted 46.4710% of the company's total voting shares.

A significant resolution approved was the proposal to abolish the supervisory board and repeal the "Supervisory Board Rules of Procedure," with 99.4709% of A-share votes in favor. Shareholders also approved revisions to the "Articles of Association" with 99.4632% of A-share votes, and updates to the "Shareholders' Meeting Rules of Procedure" and "Board of Directors' Meeting Rules of Procedure," which received 98.3258% and 98.3147% of A-share votes respectively.

Additionally, the revised "Independent Director System" and the nomination of candidates for the Eighth Board of Directors were passed with high approval rates. The resolutions to abolish the supervisory board, revise the Articles of Association, and update the Shareholders' and Board of Directors' Meeting Rules of Procedure were classified as special resolutions, each passing with over two-thirds of the effective voting shares held by attendees. The independent director system and director nominations were ordinary resolutions, passing with over half of the effective voting shares.