NingXia YinXing board election complete, senior management re-election deferred

NingXia YinXing Energy (SZSE:000862) successfully completed its board of directors re-election during an extraordinary general meeting and subsequent tenth session of the board of directors meeting on November 10, 2025. The tenth board comprises nine directors, including six non-independent directors (Qin Zhen, Song Jun, Wang Wenlong, Zhao Juanjuan, Zhang Yin, and Li Zhengke, with Qin Zhen as chairman) and three independent directors (Huang Aixue, Li Zongyi, and Zhang Yuxin). The term for the new board and its specialized committees is three years, commencing November 10, 2025.

Concurrently, the company announced a deferral in the re-election of its senior management and securities affairs representative. This decision was made to ensure the continuity of the company's operations following the establishment of the tenth board and while the nomination and selection processes for the new senior management are being finalized. The existing senior management, including the executive vice general manager, vice general managers, chief engineer, chief financial officer, and board secretary, will continue to perform their duties until new appointments are made.