Henan Shenhuo bolsters governance, announces leadership changes

Henan Shenhuo Coal & Power has announced a comprehensive overhaul of its corporate governance framework, including revisions to its articles of association and various internal management systems. The company's board of directors approved these changes at its 21st meeting on September 30, 2025, aiming to ensure compliance with updated regulations and improve operational efficiency. Key amendments include revisions to the information disclosure management, external investment management, and related transaction management systems.

A significant leadership change sees Liu Chao nominated as a non-independent director, following the retirement of former directors Li Wei and Cui Jianyou. Liu Chao currently serves as the executive deputy general manager of Henan Shenhuo Group Co. His appointment will be subject to shareholder approval at the second extraordinary general meeting on October 27, 2025. This meeting will also consider critical amendments to the articles of association, which will lead to the dissolution of the supervisory committee, with its responsibilities transitioning to the board's audit committee.

The company is enhancing accountability by implementing a new responsibility system for material errors in annual report information disclosure, which defines criteria for significant accounting errors and outlines forms of accountability such as rectification orders, public criticism, and re-assignment. This initiative underscores Henan Shenhuo's commitment to transparent and accurate financial reporting.