Core Points - The company is holding its third extraordinary general meeting of shareholders in 2025 to address the early re-election of the board of directors and the election of non-independent and independent directors [2][7][24] - The company has faced regulatory scrutiny due to the failure to disclose its 2024 annual report on time, leading to an investigation by the China Securities Regulatory Commission [7][24] - Inner Mongolia Yitai Coal Co., Ltd. has completed the transfer of shares, becoming a major shareholder with 50.10% ownership, resulting in significant changes to the company's equity structure [7][24] Proposal Summaries Proposal 1: Election of Non-Independent Directors - The company plans to elect five non-independent directors from a list of eight candidates, including Zhang Xiuwen, Zhang Junyu, Liu Chunlin, Zhang Jingquan, Li Junchen, Liu Wanzhou, Zhao Like, and Lian Tao [8][9] - The election will be conducted through a cumulative voting system, and the new directors' term will be three years starting from the approval date of the meeting [9][24] Proposal 2: Election of Independent Directors - The company intends to elect three independent directors from four candidates: Chen Xiaojun, Xu Huaxi, Xie Xianghua, and Yang Zhenyuan [25][26] - Similar to the non-independent directors, the independent directors will also serve a term of three years from the date of approval [26][28] Candidate Qualifications - Each candidate for the board has been assessed for their qualifications, experience, and lack of conflicts of interest with the company [10][12][19][22][27][30] - Candidates have backgrounds in finance, management, and relevant industry experience, ensuring they meet the necessary criteria to serve on the board [10][12][19][22][27][30]

Core Points - The company is holding its first extraordinary general meeting of shareholders in 2025 to ensure the normal order and efficiency of the meeting [2] - The meeting will include the election of the board of directors and the supervisory board due to the expiration of the current terms [6][9] Meeting Details - The meeting is scheduled for April 9, 2025, at 15:00 in the company's conference room [4] - Voting will be conducted through both on-site and online methods, with specific time slots for each [4] - Participants must arrive 30 minutes prior to the meeting for registration and must present required identification and documentation [3][5] Agenda Items - The first agenda item involves the election of non-independent directors, with a total of 7 directors to be elected, including 4 non-independent and 3 independent directors [6][8] - The second agenda item is the election of independent directors, with candidates nominated and approved by the board [8] - The third agenda item concerns the election of shareholder representative supervisors, with 2 candidates nominated for the supervisory board [9][10] Voting Process - Each candidate for the board and supervisory positions will be voted on individually, using a cumulative voting method [6][9] - Shareholders have the right to express their opinions and vote on the proposed resolutions during the meeting [5]