Fangda Carbon shareholders approve significant governance changes

Fangda Carbon New Material held its second extraordinary general meeting of shareholders for 2025 on December 15, 2025, in Lanzhou, Gansu Province. A total of 1,458 shareholders and proxies attended, representing 1,596,697,596 voting shares, or 42.2787% of the total voting shares. All eight proposed resolutions were passed, indicating strong shareholder consensus.

Key resolutions approved included the cancellation of the supervisory board and subsequent revisions to the company's articles of association, which passed with 99.8236% of votes in favor. Other significant changes involved amendments to the shareholders' meeting rules, board of directors' meeting rules, independent director work system, and regulations concerning fundraising and external guarantees.

Notably, a resolution adjusting the mutual guarantee limit with Fangda Special Steel was also approved, with 94.5866% of votes in favor from participating shareholders, though related parties abstained from voting on this item. The meeting confirmed that all procedures and resolutions complied with relevant laws and company articles.