Risen Energy shareholders approve major governance and management reforms

Risen Energy Co., Ltd. held its second extraordinary general meeting of shareholders on September 16, 2025, with 495 shareholders representing 351,466,194 shares (30.8300% of total shares) in attendance. All proposed resolutions, including adjustments to the company’s management structure, were approved.

Among the key resolutions passed was the "Proposal on Adjusting the Company's Management Structure," which received 99.5584% of votes in favor, and the "Proposal on Repealing the Rules of Procedure for the Supervisory Board," with 99.3710% in favor. Additionally, revisions to the "Articles of Association" were approved with 99.3777% of votes.

Other important resolutions approved included updates to the "Shareholders' Meeting Rules of Procedure," "Board of Directors' Meeting Rules of Procedure," and the "Independent Directors' Work System." The meeting also ratified new policies on auditor selection, external guarantees, external investments, management of raised funds, information disclosure, and related-party transactions, aligning the company’s governance with evolving regulatory standards.