Tongling Nonferrous to hold extraordinary general meeting for management, transactions

Tongling Nonferrous Metals Group Co., Ltd. has issued a supplementary notice for its third extraordinary general meeting of shareholders in 2025, scheduled for December 29, 2025. This meeting will now include two additional proposals: the "Proposal on Formulating and Revising Certain Management Systems," specifically the "Compensation Management System for Directors and Senior Management," and the "Proposal on Estimated Related-Party Transactions for 2026." These proposals were submitted by the controlling shareholder, Tongling Nonferrous Metals Group Holdings Co., Ltd., on December 16, 2025, to enhance decision-making efficiency.

The board of directors approved these additional proposals during its 28th meeting of the tenth board, held on December 16, 2025. The meeting also approved the estimated 2026 related-party transactions, which forecast a total of 5.935 bn yuan. This estimate is based on actual related-party transactions from January to October 2025, totaling 3.803 bn yuan. These transactions are for procuring auxiliary materials, goods, and equipment, selling products and goods, and receiving labor services from various subsidiaries of the controlling shareholder.

Shareholders can participate in the meeting via on-site attendance or online voting through the Shenzhen Stock Exchange trading system and internet voting system. The equity registration date for the meeting is December 22, 2025. Related parties will abstain from voting on the related-party transaction proposals.