Shanxi Meijin Energy shareholders approve governance changes, new director

Shanxi Meijin Energy Co., Ltd. held its third extraordinary general meeting of shareholders on October 10, 2025, approving several proposals. Shareholders voted to abolish the supervisory committee and revise the company's articles of association, with 99.6714% approval. Revisions to the rules of procedure for shareholders' meetings, board meetings, independent director system, and related party transaction management were also passed, each with over 98% approval.

In a related development, the company announced the resignation of Mr. Yao Jinjiang as a non-independent director and the election of Mr. Lin Shuai as an employee representative director. Mr. Lin Shuai, born in May 1986, holds 250,000 company shares from equity incentives. The board of directors also approved adjustments to the sustainable development committee, appointing Mr. Zhao Jia as a committee member to replace Mr. Yao Jinjiang.

Additionally, shareholders approved the purchase of directors' and officers' liability insurance and the engagement of an audit institution for the company's H-share issuance and listing. These resolutions indicate a comprehensive update to the company’s governance framework and board composition.