Tianan Coal announces 2025 leadership changes, auditor switch

Pingdingshan Tianan Coal Mining Co., Ltd. (Tianan Coal) announced a change in its accounting firm and the re-election of its board of directors, effective for 2025. The company will appoint Grant Thornton Certified Public Accountants (Special General Partnership) as its auditor for the 2025 financial year, following an open tender process. The audit fee for financial statements is RMB 1.18 million, an 18% increase from the previous year, while internal control audit fees remain at RMB 600,000. This change follows discussions with the former auditor, Henan Shouzheng Innovation Certified Public Accountants, who expressed no objections.

The company's ninth board of directors' term is ending, prompting the election of a new tenth board. The nominated non-independent director candidates include Li Qingming, Jiao Zhengying, Wu Xin, Zhang Guochuan, Liang Wuxing, Fu Wenlong, Chen Jinwei, Zhang Houjun, and Zhang Tianliang. These candidates will serve a three-year term.

Additionally, five independent director candidates have been nominated: Xue Yulian, Gao Yonghua, Jiang Lian, Zhu Zhengqiang, and Chen Meiying. These independent directors, along with the nine non-independent directors and one employee representative director, Wang Yangwa, will form the new tenth board of directors. The proposals will be submitted for approval at the extraordinary general meeting of shareholders in December 2025.