Shanxi Lanhua Sci-Tech approves major governance overhauls at EGM

Shanxi Lanhua Sci-Tech Venture held its second extraordinary general meeting of shareholders on November 21, 2025, with 416 shareholders representing 46.4710% of the total shares. The meeting, presided over by chairman Zhao Chenguang, was conducted via both on-site and online voting, confirming adherence to relevant laws and regulations. Beijing Zhongqin Law Firm provided a legal opinion, affirming the legality and validity of the meeting's procedures and resolutions.

Shareholders approved six key proposals, including the cancellation of the supervisory committee and the repeal of its rules, revisions to the company's articles of association, and updates to the rules of procedure for the general meeting of shareholders and the rules of procedure for the board of directors. Additionally, the independent director system was revised, and candidates for the eighth board of directors were nominated. The first four resolutions, requiring a special majority, passed with over two-thirds of the voting rights. The remaining resolutions passed with over half of the voting rights.

The amendments to the articles of association outline several changes, such as the composition and duties of the party committee and disciplinary inspection committee, and detailed provisions for the general meeting of shareholders and the board of directors. The updated charter also includes revised rules on share transfers, dividend distribution policies, and internal audit procedures, reflecting a comprehensive update to the company’s governance framework.