China Molybdenum shareholders approve board changes, supervisory board abolition

China Molybdenum (SSE:603993) announced that its Second Extraordinary General Meeting of Shareholders in 2025, held on December 8, 2025, approved several key resolutions. Shareholders voted to elect executive and non-executive directors for the company's Seventh Board of Directors. The proposal to cancel the supervisory board and amend the "Articles of Association" and internal control system was also passed with significant support, receiving 95.3661% of total votes. This resolution was a special resolution requiring over two-thirds approval from shareholders present.

Concurrently, the Seventh Board of Directors held its Seventh Ad Hoc Meeting on the same day, addressing adjustments to the membership of its specialized committees. Liu Jianfeng was appointed chairman of the Strategy and Sustainable Development Committee, and Wang Kaiguo will chair the Nomination and Governance Committee and the Remuneration Committee. The board also approved a resolution regarding the remuneration scheme for its members, with director Ma Fei voluntarily foregoing his remuneration.