Tibet Mineral Development shareholders approve governance rule changes

Tibet Mineral Development Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on November 27, 2025, approving two key proposals. The meeting, attended by 605 shareholders representing 112,431,510 shares, or 21.5874% of total voting shares, took place both in person and via online voting platforms. Deputy chairman Ms. Nila presided over the meeting, which was confirmed to comply with all relevant laws and company articles.

The first proposal, regarding revisions to the "Articles of Association," passed with 110,097,167 votes in favor (97.9238%), 2,258,243 votes against (2.0085%), and 76,100 abstentions (0.0677%). Among small and medium-sized shareholders, 1,363,684 shares voted in favor (36.8760%), 2,258,243 against (61.0662%), and 76,100 abstained (2.0579%). This resolution required and achieved a two-thirds majority of effective voting shares.

The second proposal, concerning amendments to certain company rules, specifically the "Shareholders' Meeting Rules" and "Board of Directors' Meeting Rules," also passed. The "Shareholders' Meeting Rules" revision saw 110,066,867 votes in favor (97.8968%) and 2,288,143 against (2.0351%). The "Board of Directors' Meeting Rules" revision received 110,096,667 votes in favor (97.9233%) and 2,255,243 against (2.0059%). Both sub-proposals garnered the necessary two-thirds majority for approval.