Almaden announces board reshuffle, new leadership, and fund management approval

Changzhou Almaden's sixth board of directors held its first meeting on September 15, 2025, following the second extraordinary general meeting on the same day. The company announced the election of Lin Jinxi as chairman and general manager. New senior management appointments include Shi Xusong and Liu Qin as deputy general managers, Liu Qin as cfo and board secretary, Ni Hongxia as internal audit head, and Wang Zijie as securities affairs representative.

The board also established its specialized committees, including the Strategy, Audit, Nomination, and Remuneration & Assessment Committees, with members and conveners duly elected. Importantly, the board approved the use of up to 30 million yuan of idle raised funds for structured deposits or wealth management products, aiming to enhance capital efficiency while ensuring principal preservation.

These changes follow resolutions from the second extraordinary general meeting, which also approved revisions to the company's Articles of Association and several governance policies, including those for external investments, guarantees, related party transactions, and fundraising management. These decisions reflect a comprehensive overhaul of the company's leadership and governance framework.