Datong Coal Industry announces board shake-up, auditor change

Datong Coal Industry (SSE:601001) announced that five non-independent directors—Wang Lei, Zhang Xianwei, Yin Jimi, Yang Zhiqiang, and Ma Zhisheng—resigned from the board, effective December 25, 2025. This follows a resolution passed at the second extraordinary shareholders' meeting on December 25, 2205, to adjust the board size from 15 to 9 members and abolish the supervisory board, requiring revisions to the company's articles of association. These changes were approved by 99.34% of votes.

The shareholders' meeting also approved revisions to the "Shareholder Meeting Rules" (99.33% approval), "Board Meeting Rules" (99.33% approval), and other governance policies (99.33% approval). Additionally, the company approved a financial services agreement with Jineng Holding Group Finance Company, with 98.36% of votes in favor, and projected 2026 related-party transactions, also with 98.36% approval. Jineng Holding Group, holding 961,632,508 shares, abstained from voting on related-party transactions.

Concurrently, Datong Coal Industry announced a change in its signing certified public accountant for the 2025 fiscal year. Wang Jianhong will replace Qin Chuan from Lixin Certified Public Accountants (Special General Partnership) for audit services. Wang Jianhong, who began practicing as a CPA in May 2015 and in listed company audits in December 2015, started at Lixin in December 2024 and will commence providing services to Datong Coal Industry in December 2025.