Tianshan Cement revamps governance, approves dividend plan, subsidiary acquisition

Xinjiang Tianshan Cement (SZSE:000877) has announced a series of resolutions following its ninth board meeting, signaling a strategic shift in governance and capital allocation. Key among these is a comprehensive revision of the company's articles of association, eliminating the supervisory board and tasking the audit committee to fulfill supervisory responsibilities. These revisions also incorporate updated regulations for listed companies and clarify the roles of controlling shareholders.