Zhejiang Jingxing Paper shareholders approve governance changes, new subsidiary

Zhejiang Jingxing Paper held its third extraordinary general meeting in 2025 on September 15, where shareholders passed all nine proposed resolutions. The approved changes include significant revisions to the company’s Articles of Association, Shareholder Meeting Rules, Board of Directors Meeting Rules, and Independent Director Work Rules, among others.

Further governance enhancements were enacted with the approval of new and revised policies, including the Directors, Supervisors, and Senior Management Shareholding Management System, Fundraising Management System, and Investor Relations Management System. Other approved policies include the Information Disclosure Affairs Management System, Internal Audit System, and Subsidiary Management System.

In a key strategic move, the company also approved the investment of 50,000,000 yuan to establish Zhejiang Jingxing Pulp and Paper Co., Ltd. This new wholly-owned subsidiary will have a registered capital of 50,000,000 yuan and focus on the sale and import/export of papermaking raw materials, chemicals, paper, paperboard, papermaking machinery, and specialized equipment.