Shanxi Blue Flame elects new independent director, revises policies

Shanxi Blue Flame Holding Co., Ltd. held its third extraordinary general meeting of shareholders on September 16, 2025, with 54.4827% of voting shares represented. Shareholders approved the election of Li Ruiai as an independent director to the eighth board of directors, with 99.7511% of votes in favor.

Shareholders also ratified revisions to the "Independent Director System" and the "Cumulative Voting System Implementation Rules" with 98.4609% and 98.4678% approval, respectively. Additionally, the "Fundraising Management System" was revised, receiving 98.4514% approval.

Following the shareholders' meeting, the eighth board of directors convened its third meeting on the same day, presided over by chairman Ruo Zhihong. The board unanimously approved the "Proposal on Adjusting the Director and Member of the Specialized Committees of the Board of Directors."

These adjustments include Li Ruiai becoming the chairman of the Audit Committee, which now comprises four members: Li Ruiai, Feng Jianbin, Ding Baoshan, and Liu Yijun. Ding Baoshan will chair the Nomination Committee, while Liu Yijun will lead the Remuneration and Assessment Committee.