Independent Director Mr. Wang Zuoyuan Visits the Company for Legal and Risk Control Research and Exchange

To fully leverage the important role of independent directors in the governance structure of listed companies and further improve operational quality, Mr. Wang Zuoyuan, Independent Director of Zangge Mining Co., Ltd., visited the Golmud office on September 5. Taking the revision and implementation of the new Company Law as an opportunity, he carried out a two-day research and exchange session focused on the company’s legal and risk control work.

The research and exchange activity was held in a hybrid online-offline format, with the main venue in Golmud and sub-venues at Zangge’s Chengdu headquarters and the Laos subsidiary. Participants included Vice President Ms. Sun Xiaohong, Senior Consultant Mr. Gu Wentao, Legal Director Mr. Dai Zhiqiang, Secretary of the Party Committee of Zangge Potash Co., Ltd. Mr. Wang Jubao, as well as representatives from the Legal Department, Internal Control and Risk Management Department, Board Office, Laos Company, and Tibet Zangge Venture Capital.

Mr. Dai Zhiqiang, the Legal Director, first extended a warm welcome to Mr. Wang on behalf of the company and explained the agenda and significance of the event. Vice President Ms. Sun Xiaohong and Secretary Mr. Wang Jubao shared insights on the practice of internal control and risk management as well as the development of the company’s legal and risk control framework. Deputy Director Mr. Hou Ruifeng reported on the company’s legal practices, rule of law initiatives, and implementation of the new Company Law. Consultant Mr. Gu Wentao elaborated on the requirements of the new Company Law for corporate management systems, offering his perspectives with reference to company practices and case studies.

Attendees, including Minister Jia Hongbo, Deputy Ministers Xu Fang and Li Qian, lawyers Sun Liming, Wang Jie, Wang Rui, Li Wanling, Chen Yi, and colleagues Yang Yi, Xu Jiangmei, Xu Sijia, Zhang Ting, Zhu Hongkun, Nan Wenqing, Jiang Jiaxin, and Xiao Yutong, shared their learning experiences from multiple perspectives. Topics included planning the legal management system under group-wide control, data asset investment, the impact of the new Company Law on shareholder exit mechanisms, labor and employment management, tax implications of capital reduction, considerations for amending articles of association, corporate deregistration systems, registered capital systems, and shareholder information rights. They also introduced the basics of Zangge Mining Investment (Chengdu) Co., Ltd., the Laos project company, and an overview of the Laos Enterprise Law, while discussing challenges in corporate governance and system implementation.

Mr. Wang Zuoyuan offered valuable feedback on participants’ remarks and addressed practical questions. He emphasized that the revised Company Law involves substantial changes and requires the company to develop structured plans for study, promotion, and implementation. He stressed the importance of reflecting new legal provisions in company systems, ensuring their operability, and maintaining effective checks and balances, thereby forming a harmonious and efficient system under the principle of “simplicity is the ultimate sophistication.” Mr. Dai Zhiqiang, building on company practices, highlighted the need to further strengthen the compliance awareness of directors, supervisors, and senior executives, to enhance their roles in corporate governance, and to translate insights from this research into practical actions to advance compliance development.

This research and exchange activity not only demonstrated the independent director’s role in decision-making, oversight, and professional consultation as stipulated by the Measures for the Administration of Independent Directors of Listed Companies, but also reflected efforts to safeguard the overall interests of the company and protect the legitimate rights and interests of minority shareholders. Moreover, it represented an important step in advancing the company’s standardization and rule-of-law construction under the newly implemented Company Law. With the strong leadership of the Board of Directors and joint efforts across all levels, the company is confident in progressing toward higher-quality development.