Jizhong Energy Resources revises governance documents, boosts related-party transactions

Jizhong Energy Resources' board of directors approved comprehensive revisions to its information disclosure management system, along with amendments to the company's articles of association and 28 other governance documents, and the formulation of three new policies. These changes, aimed at enhancing corporate governance and operational efficiency, will be submitted for shareholder approval. The company also disclosed its intent to apply for registration and issuance of up to 3 billion yuan in short-term financing bonds.

Additionally, the board approved an increase in its 2025 daily related-party transactions by 1,257.50 million yuan, comprising 740 million yuan in purchases and 517.50 million yuan in sales, exceeding previously approved amounts. For 2026, the company forecasts related-party transactions totaling 5,676.61 million yuan, including 2,790.98 million yuan in purchases and 2,885.62 million yuan in sales. The board also resolved to appoint Lianda Certified Public Accountants (Special General Partnership) as its 2025 financial and internal control auditor.