China Northern Rare Earth Group overhauls governance, appoints new directors

China Northern Rare Earth Group High-Tech announced resolutions from its Eighth Meeting of the Ninth Board of Directors, held on November 24, 2025. Key decisions included the approval of proposals to abolish the supervisory board and amend the company's articles of association, rules of procedure for shareholder meetings, and rules of procedure for board meetings. These changes align with the revised Company Law of the People's Republic of China (December 2023 revision) and related regulatory arrangements. The audit committee of the board of directors will assume the responsibilities of the supervisory board.

Furthermore, the board approved the election of Mr. Xu Jiabin as an independent non-executive director and Mr. Yang Zhiqiang and Ms. Li Xiaoyan as non-independent directors, following the resignations of Ms. Du Ying, Mr. Bai Baosheng, and Ms. Zhang Lihua due to work adjustments. These resolutions will be submitted to a shareholders’ meeting for approval. The company will convene its second extraordinary general meeting in 2025 to consider these important governance adjustments.