China Coal Energy Co Restructures Governance and Plans Profit Distribution

China Coal Energy Co ( (HK:1898) ) has shared an update.

China Coal Energy Co has announced significant changes to its corporate governance structure, including the cancellation of its Supervisory Committee. The Audit and Risk Management Committee will assume the responsibilities of the Supervisory Committee, aligning with recent regulatory changes and enhancing corporate governance. Additionally, the company plans to amend its Articles of Association and several internal procedures to improve shareholder engagement and corporate operations. The Board of Directors has also been authorized to implement a 2025 interim profit distribution plan, ensuring a stable dividend payout ratio, subject to shareholder approval.

More about China Coal Energy Co

China Coal Energy Co is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the coal industry. The company focuses on coal production and related services, playing a significant role in the energy sector.

YTD Price Performance: -2.54%

Average Trading Volume: 5,697

Technical Sentiment Signal: Strong Sell

Current Market Cap: $17.62B

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