Northern Rare Earth revamps board and committees for enhanced governance

China Northern Rare Earth Group High-Tech, trading as SSE:600111, held its second extraordinary general meeting of shareholders on December 10, 2025. Key resolutions approved include the abolition of the supervisory board and amendments to the company’s articles of association. Shareholders also approved revisions to the rules governing the general meeting, board of directors, independent directors, and guarantees. Mr. Yang Zhiqiang and Ms. Li Xiaoyan were elected as directors, and Mr. Xu Jiabin was elected as an independent director, effective immediately.

Concurrently, the ninth board of directors convened its ninth meeting, approving adjustments to the composition of its specialized committees. Mr. Xu Jiabin was appointed chairman of the remuneration and assessment committee and joined the strategy and ESG committee and nomination committee. Mr. Yang Zhiqiang was appointed to the remuneration and assessment committee, and Ms. Li Xiaoyan to the audit committee. These changes are designed to ensure the committees meet regulatory requirements and operate effectively.

The board also approved revisions to the work rules for its four specialized committees (strategy and ESG, nomination, audit, and remuneration and assessment) and the general manager’s work rules, which have been renamed the "managerial level work rules." These updates streamline governance and align with recent regulatory guidelines from the China Securities Regulatory Commission and the Shanghai Stock Exchange.