China Nonferrous reduces capital, appoints new general manager and directors

China Nonferrous Metal Industry's Foreign Engineering And Construction will reduce its registered capital from CNY 1,990,552,530 to CNY 1,990,439,930 by repurchasing and canceling 112,600 restricted shares. This action, approved by shareholders, involves shares from a departing incentive recipient of the 2022 Restricted Stock Incentive Plan. Creditors have 45 days from the announcement to claim their rights.

Executive changes include Mr. Ma Yindai's resignation as a non-independent director and his subsequent election as a worker representative director. The company also nominated Mr. Tan Yaoyu as a non-independent director candidate and appointed him as the new general manager. These appointments were approved at a board meeting on October 15, 2025.

The board changes and capital reduction are part of a governance restructuring, ensuring compliance with regulatory requirements.