Shandong Humon Smelting shareholders approve governance revisions, new independent directors

Shandong Humon Smelting Co., Ltd. announced the results of its sixth extraordinary general meeting of shareholders for 2025, held on December 2, 2025. Shareholders approved the proposal to abolish the supervisory board and amend the articles of association, with 99.6041% of votes in favor. This resolution passed with over two-thirds of the effective voting shares.

Additionally, the meeting included the election of new independent directors, with Mr. Zhong Meirui and Mr. Chen Zhiwu successfully elected to the ninth board of directors, receiving 99.2215% and 99.2289% of votes, respectively. Shareholders also approved revisions to the "shareholder meeting rules" and the "board meeting rules," with 98.7820% and 98.7839% of votes in favor, respectively. These rule changes were also special resolutions, requiring a two-thirds majority for approval.

The meeting saw 338 shareholders, representing 644,534,578 shares (46.0962% of total voting shares), participate through a combination of on-site and online voting. Shanghai Dentons Law Offices provided a legal opinion, confirming that the meeting procedures, qualifications of conveners and attendees, and voting processes complied with relevant laws, regulations, and the company's articles of association.