Lomon Billions Group announces board changes, shareholder approvals

Lomon Billions Group announced that Chen Jianli, a non-independent director and vice president of R&D, has resigned from the company's eighth board of directors due to corporate governance restructuring. Chen will retain his other roles within the company. Following his resignation, he was elected as an employee representative director to the eighth board of directors at an employee representative meeting. His new term will commence upon approval of amendments to the Articles of Association at the second extraordinary general meeting of 2025.

Shareholders at the 2025 Second Extraordinary General Meeting approved several key proposals. The Q3 2025 profit distribution plan passed with 99.9714% approval. The reappointment of the accounting firm was approved with 99.9210% of votes. Additionally, amendments to the "Articles of Association" and other internal management systems were all approved by a special resolution, securing over two-thirds of the votes from attending shareholders.