Yunnan Lincang Xinyuan Germanium Industry approves key governance revisions, abolishes supervisory board

Yunnan Lincang Xinyuan Germanium Industry Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on October 15, 2025. The meeting, presided over by chairman Bao Wendong, saw 629 shareholders representing 136,446,401 shares, or 20.8915% of total voting shares, participate through a combination of on-site and online voting.

The most notable resolution approved was the proposal to abolish the supervisory board and amend the company's articles of association. This resolution passed with 99.5110% of votes in favor, with 135,779,201 shares agreeing.

Furthermore, several other crucial governance documents were revised, including the "Rules of Procedure for the General Meeting of Shareholders," "Rules of Procedure for the Board of Directors," "Working System for Independent Directors," "Management System for External Guarantees," "Management Measures for Connected Transactions," "Major Transaction Decision-Making System," and the "Management System for Raised Funds." All resolutions were approved by more than two-thirds of the valid votes cast by attending shareholders, demonstrating strong support for the proposed changes.