Lomon Billions group enhances governance, reports Q3 profit

Lomon Billions Group has initiated a comprehensive overhaul of its corporate governance, effective October 27, 2025. This includes revising its Articles of Association and multiple internal policies, alongside discontinuing the Supervisory Board, with its responsibilities transitioning to the Board of Directors' Audit Committee. The shareholder meeting will now be referred to as the "Shareholder Assembly." A key focus is the enhanced "System for preventing the appropriation of funds by controlling shareholders, actual controllers, and other related parties," designed to strengthen financial oversight.

In line with these changes, the company released its Q3 2025 financial report, showing a net profit attributable to shareholders of RMB 289,194,713.70 for the quarter and RMB 1,674,452,840.92 year-to-date. A cash dividend of RMB 1.00 per 10 shares, totaling RMB 237,080,075.60, was proposed. Additionally, the company is injecting RMB 400,000,000.00 into its wholly-owned subsidiary, Gansu Billions Chemical Co., Ltd., to boost capital and operational capacity.

The company also reported a share pledge release for Mr. Tan Ruiqing, involving 1,000,000 shares, reducing his pledged stake to 83,760,000 shares, representing 42.43% of his holdings. These governance enhancements and financial activities underscore Lomon Billions Group's commitment to robust financial management and transparency.