China Northern Rare Earth Group proposes shareholder meeting for governance reforms

China Northern Rare Earth Group High-Tech will hold its second extraordinary general meeting of shareholders in 2025 on December 10, 2025 (Wednesday) at 15:00. The meeting will incorporate both on-site and online voting, with online voting open from 9:15-15:00. The agenda includes proposals to revise the company's Articles of Association and the rules for its General Meeting and Board of Directors.

Key proposed changes include the abolition of the Supervisory Board, with its duties to be absorbed by the Board's Audit Committee. This will lead to the dismissal of all seven current supervisors. The Articles of Association are also set for extensive revision, with 141 articles to be substantially changed, 28 added, and 20 deleted. Revisions include clarifying legal representative responsibilities, enhancing internal oversight and risk control, updating shareholder rights, and refining dividend distribution policies.

The proposed revisions reflect an adherence to the latest amendments to company law and regulatory guidelines, ensuring enhanced corporate governance. The company seeks to strengthen its operational efficiency and safeguard shareholder interests through these comprehensive changes.