Pangang (SZ:000629) Shang Hai Zheng Quan Bao·2025-06-30 18:45Core Viewpoint - The company held its 25th meeting of the 9th Board of Directors on June 27, 2025, where several key resolutions were passed, including the appointment of a new vice president and the proposal for board re-election and amendments to the company's articles of association [1][4][6]. Group 1: Board Resolutions - The company appointed Xu Cong as the new vice president, with a term aligned with the current Board of Directors [1][3]. - The board approved the proposal for the re-election of directors, which will be submitted to the upcoming shareholders' meeting [4][5]. - The board also approved amendments to the company's articles of association and related regulations, which will be presented at the shareholders' meeting [6][7]. Group 2: Shareholders' Meeting - The company will hold its 3rd extraordinary shareholders' meeting on July 18, 2025, combining on-site and online voting [8][9]. - The meeting's agenda includes several proposals that require special resolutions, needing at least two-thirds of the voting rights to pass [43][44]. - The voting will take place both in person and through the Shenzhen Stock Exchange's voting systems, with specific time slots designated for each [36][37][39]. Group 3: Company Governance Changes - The company plans to abolish the supervisory board after the current term, necessitating amendments to the articles of association [63]. - The company will repurchase and cancel 4,022,200 shares of restricted stock as part of its 2021 equity incentive plan, reducing the total share capital [62][63]. - The amendments to the articles of association and related governance documents are classified as special resolutions and will be subject to shareholder approval [66].