Jiangxi Copper Company Limited Announces Results of Extraordinary General Meeting (EGM)

Key Highlights

• EGM held on 16 March 2026: The Extraordinary General Meeting took place at the company’s headquarters in Nanchang, Jiangxi, China.
• Major Resolution Passed: Shareholders approved the proposed registration and issuance of non-financial corporate debt financing instruments in the PRC, authorizing the Board and a designated working group to manage all related matters.
• Strong Shareholder Turnout: 3,079 shareholders (including proxies), representing 1,746,455,506 shares or approximately 50.59% of the total issued shares with voting rights, participated in the EGM.
• Overwhelming Shareholder Support: The resolution received resounding approval, with 99.63% of votes in favor, 0.36% against, and just 0.02% abstained.
• Legal and Procedural Compliance: The meeting and its results were confirmed as compliant with all relevant laws and the company’s Articles of Association by both legal counsel and an independent scrutineer.

Details of the Resolution and Voting Results

The sole resolution at the EGM involved the registration and potential issuance of non-financial corporate debt financing instruments in Mainland China. This strategic move is designed to give the company greater flexibility in raising capital for operational and growth initiatives.

The Board, along with a working group it authorizes, now has the mandate to determine the terms, handle the process, and address all related matters for these financing instruments.

Voting Breakdown

• A Shareholders:
  • For: 1,310,135,596 votes (99.86%)
  • Against: 1,545,614 votes (0.12%)
  • Abstain: 304,800 votes (0.02%)
• H Shareholders:
  • For: 429,799,110 votes (98.93%)
  • Against: 4,660,386 votes (1.07%)
  • Abstain: 10,000 votes (0.002%)
• Total Votes:
  • For: 1,739,934,706 (99.63%)
  • Against: 6,206,000 (0.36%)
  • Abstain: 314,800 (0.02%)

There were no shares required to abstain or that were barred from voting under Hong Kong Listing Rules, and no shareholder had stated in advance their intention to vote against or abstain on the resolution.

Shareholder and Share Structure Information

• Total issued shares as of EGM date: 3,462,729,405 (2,075,247,405 A Shares and 1,387,482,000 H Shares)
• Treasury shares not carrying voting rights: 10,441,768 A Shares
• No other treasury or repurchased shares affected the voting process.

Legal and Regulatory Oversight

• EGM proceedings and voting were reviewed by Ernst & Young Hua Ming LLP, who verified the poll results and their calculation.
• Beijing Deheng Law Offices provided a legal opinion confirming compliance with all legal and regulatory requirements and validating the results.

Board Attendance

• Directors attending: Mr. Zheng Gaoqing (Chairman), Mr. Zhou Shaobing, and Mr. Liu Zhihong (in person or electronically).
• Current Board includes a mix of executive and independent non-executive directors.

Implications for Investors

This development is significant and potentially price sensitive: The approval for registration and issuance of non-financial corporate debt financing instruments gives Jiangxi Copper increased financial flexibility. This can be seen as a proactive move to optimize its capital structure and access new funding sources, which may support future growth, investment, or refinancing initiatives. The overwhelming shareholder support also signals strong alignment between management and investors.

Investors should closely monitor subsequent announcements regarding the timing, size, and use of proceeds of any debt instrument issuances, as these may directly impact the company’s financial position, interest expense, and future profitability.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a licensed financial adviser before making investment decisions relating to Jiangxi Copper Company Limited.

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