Fujian Jinsen Forestry to revise articles, reschedule shareholder meeting

Fujian Jinsen Forestry held board meetings on October 28, 2025, to discuss several key issues. The board approved the accrual of credit impairment losses totaling CNY 7,556,996.10 for the first three quarters of 2025. This provision, which includes accounts receivable and other receivables, will reduce the company's total profit and owners' equity by the same amount, before tax. The decision aligns with accounting standards to accurately reflect the company's financial position and operating results.

The board also approved revisions to the "Articles of Association" and its appendices, including the "Shareholder Meeting Rules" and "Board of Directors Meeting Rules," effective October 28, 2025. These revisions aim to streamline governance by shifting supervisory responsibilities to the board's audit committee, eliminating the need for a separate board of supervisors. The amendments will be submitted for approval at an extraordinary general meeting.

In connection with these changes, the board resolved to convene the third extraordinary general meeting for 2025 on November 18, 2025. Shareholders will vote on the proposed revisions to the Articles of Association. Remote voting options will be available from 9:15 to 15:00 on the day of the meeting, with the equity registration date set for November 13, 2025.