Tianshan Cement shareholders approve related-party transactions, financial services deal

Xinjiang Tianshan Cement (000877) held its sixth extraordinary general meeting of shareholders for 2025 on December 10, 2025, where all proposed resolutions were approved. Shareholders voted to increase estimated daily related-party transactions for 2025 with various entities, including Gansu Qilianshan Cement Group, Gansu Shangfeng Cement, and Beijing Jinyu Group. These proposals saw overwhelming approval, with over 99.97% of valid voting shares in favor across all three sub-proposals.

The meeting also approved estimated daily related-party transactions for 2026 with seven entities, including China National Building Material Group and CNBM Southwest Cement. Additionally, shareholders approved the signing of a "Financial Services Agreement" with China National Building Material Group Finance, also a related-party transaction. The controlling shareholder, China National Building Material, abstained from voting on related proposals.