Yunnan Tin revises profit distribution, fund management, and governance

Yunnan Tin Company Limited's shareholders approved a revised profit distribution management system at an extraordinary general meeting on September 12, 2025. The updated system emphasizes a consistent and stable cash dividend policy, ensuring a minimum 30% cumulative cash dividend of average net profit over the past three fiscal years. This is provided certain financial conditions are met, including positive accumulated and distributable profits, and no severe cash flow crises. The policy also specifies differentiated cash dividend ratios based on the company's development stage and capital expenditure plans.

Additionally, the company updated its management rules for raised capital, establishing strict protocols for the storage and use of funds from equity and bond issuances. These rules mandate the use of dedicated bank accounts, prohibit the use of raised funds for speculative financial investments, and outline procedures for changes in project use and temporary cash management. The aim is to ensure funds are utilized transparently for stated project purposes, enhancing investor confidence.

Further governance changes include amendments to the company's articles of association, shareholder meeting rules, board of directors meeting rules, and independent director work system, all approved at the same shareholder meeting. These revisions align the company's practices with current regulatory standards and are part of a broader effort to improve corporate transparency and protect shareholder interests.