Jiangxi Ganneng proposes dividend, board changes, and strategic shifts

Jiangxi Ganneng (SZSE:000899) announced a series of board resolutions including a dividend proposal, board member election, a change in business strategy and some updates on environmental and social issues. First, the board approved a plan to distribute a cash dividend of CNY 321.97 million, or CNY 0.33 per share, subject to shareholder approval. This represents 45.09% of the company's net profit attributable to shareholders. Shareholders will elect a new board at the Annual General Meeting. The current board members Song Hebin, Gao Hai, Zhou Yuan, Li Shengyi, Ma Wenjin and Li Bin were nominated to be candidates for non-independent director positions. Wang Shanming, Luo Xiaoping, Meng Shuping and Liao Xiansheng were nominated to be candidates for independent director positions. The company also stated plans to adjust business strategies, as well as a plan to implement stricter environmental and social standards and continue with carbon emissions reduction plans.