Chenming Paper (1812.HK) held its first Extraordinary General Meeting (EGM) of 2025 on 28 October, disclosing that 454 shareholders or proxies were in attendance, representing 16.4085% of shares carrying voting rights. Voting took place both physically and online, passing four ordinary resolutions and five special resolutions.

Among the key decisions was the approval of amendments to various governance documents, including the company’s implementation rules for the cumulative voting mechanism and procedures governing major transactions, connected transactions, external guarantees, and external investments. Shareholders also approved the provision of guarantees for controlled subsidiaries.

The EGM ratified the election and re-election of members for the eleventh session of the Board. Executive Directors now include new appointees alongside continuing members, joined by two non-executive Directors and four independent non-executive Directors. Separately, an employee representative Director was also elected to the Board.

Immediately after the EGM, the newly formed Board convened its first meeting and appointed a Chairman as well as new members across Board Committees. Changes were announced for the Audit Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic and Sustainable Development Committee, with independent non-executive Directors serving in key leadership roles in adherence to governance best practices.

All resolutions were confirmed legal and valid, and the new Board appointments, along with updated committee compositions, have taken immediate effect. The company reported that Grant Thornton LLP oversaw scrutiny of the vote, while Beijing Zhong Lun Law Firm (Qingdao Office) issued the legal opinion certifying valid procedures and outcomes.