Huayu Mining to expand board, revise articles

Tibet Huayu Mining Co., Ltd. will hold its fifth extraordinary general meeting of shareholders on December 19, 2025, to approve an increase in the number of directors from eight to nine. This expansion includes the addition of an employee representative director, aiming to bolster corporate governance and align with strategic development and business expansion. Concurrently, the company will revise its articles of association and board of directors rules of procedure to incorporate these changes.

The proposed revisions also involve adding provisions for the issuance of convertible bonds, including procedures for issuance, conversion, and capital changes resulting from such conversions, in accordance with relevant laws and regulations. The company's audit committee will now also be open to employee representative directors.

Shareholders will participate in the meeting both in person at the Beijing branch office and through online voting platforms, with voting open from 9:15 to 15:00 on December 19, 2025. These proposals have already been reviewed and approved by the fifth board of directors' eighth meeting. The board will seek shareholder authorization for the management to handle the necessary industrial and commercial registration and article filing procedures.