Yunnan Energy Investment updates on overdue loan, governance document revisions

Yunnan Energy Investment Co., Ltd. announced that an entrusted loan of 1.47 million yuan provided to its associate, Menghun Tianmeng Foreign Economic and Trade Co., Ltd., is overdue. The company confirmed the loan amount is small relative to its net assets and net profit and has been fully provisioned for bad debt, thus not significantly impacting current or future profits. Remedial actions, including potential bankruptcy liquidation for Menghun Tianmeng, are being pursued.

Concurrently, the company's board of directors and supervisory board approved significant revisions to its articles of association and related governance documents. These changes align with the latest company law and regulatory requirements. The revisions reflect updates to corporate governance, operational scope, and shareholder rights, as well as a new "Accountant Selection System." The "Chairman's Office Meeting Rules" and "Independent Director Annual Report Work System" have been abolished.

The updated articles of association, effective November 2025, reflect these changes, including details on share issuance, capital changes, and the company's operational framework. These comprehensive updates ensure compliance and enhance corporate governance, as the company continues to monitor the overdue loan situation closely.