Datong Coal Industry overhauls governance, shrinks board, changes auditor

Datong Coal Industry (SSE:601001) has announced a significant restructuring of its corporate governance, effective December 25, 2025. Following an extraordinary general meeting, shareholders approved the abolition of the Supervisory Board and amendments to the company’s Articles of Association. This led to a reduction in the Board of Directors from 15 to 9 members and the immediate resignation of five non-independent directors: Wang Lei, Zhang Xianwei, Yin Jimin, Yang Zhiqiang, and Ma Zhisheng.

In line with these changes, the company also revised its Rules of Procedure for Shareholder Meetings and Rules of Procedure for Board Meetings. Shareholders further approved a financial services agreement with Jineng Holding Group Finance Company and the projected related-party transactions for 2026. These resolutions indicate a shift towards a more streamlined governance model and updated operational frameworks.

Additionally, Datong Coal Industry announced a change in its signing certified public accountant for the 2025 financial year audit. Wang Jianhong will replace Qin Chuan from Lixin Certified Public Accountants (Special General Partnership) due to workload adjustments. This change is not expected to impact the audit quality or internal control audit for 2025.