Dehua TB New Decoration Material shareholders approve governance revisions, new board appointments

Dehua TB New Decoration Material convened its first extraordinary general meeting of shareholders in 2025 on September 4, 2025, where all proposed resolutions were passed. Shareholders approved revisions to the company’s Articles of Association and various governance policies, including those for shareholder and board meeting procedures, audit committee, nomination committee, remuneration and assessment committee, and strategic committee. Additionally, new policies for independent director work, director and senior management remuneration, prevention of controlling shareholder funds occupation, related party transactions, and fundraising management were adopted.

The meeting saw 338 shareholders and representatives attend, holding 423,253,977 shares, representing 51.8840% of voting shares. Resolutions concerning the Articles of Association and the shareholder and board meeting procedures were passed as special resolutions, requiring two-thirds of the effective voting rights.

Concurrently, the eighth board of directors held its sixteenth meeting, electing Mr. Ding Hongmin as the director responsible for company affairs and legal representative. The board also appointed Ms. Ye Xuefang, Mr. Su Xinjian, and Mr. Cheng Shuwei as members of the audit committee, with Ms. Ye Xuefang designated as the convener and a financial professional.