Hengyuan Coal & Power shareholders approve significant governance changes

Anhui Hengyuan Coal Industry And Electricity Power Co., Ltd. (SSE:600971) held its First Extraordinary General Meeting of Shareholders on December 2, 2025, where all proposed resolutions were passed. The meeting saw 311 shareholders and proxies representing 58.2694% of the total voting shares in attendance.

Key approvals included the re-appointment of the accounting firm, which received 99.7198% of votes in favor. Notably, resolutions to amend the company's articles of association, abolish the supervisory board, revise the rules of procedure for the general meeting, and update the rules of procedure for the board of directors were all carried. These special resolutions received favorable votes exceeding two-thirds of the attending shares.

The resolution to amend the company's articles of association and abolish the supervisory board received 98.9378% of votes in favor from A-shareholders. Similarly, revisions to the independent director work system and related party transaction decision-making system also passed with strong support, highlighting shareholder confidence in the proposed governance enhancements.