Weekly Stock Review: Baiyin Silver & Nonferrous (601212) establishes Mineral Resources Department and adjusts authorization matters

As of the close on April 3, 2026, Baiyin Nonferrous (601212) closed at 7.74 yuan, down 3.61% from 8.03 yuan last week. This week, Baiyin Nonferrous’ intraday high on March 31 was 8.47 yuan. Its intraday low on April 3 was 7.67 yuan. Baiyin Nonferrous’ latest total market cap is currently 57.313 billion yuan. It ranks 13/60 in the industrial metals sector by market cap, and ranks 322/5193 among A-share companies across both markets.

This week’s focus

• Company announcement roundup: Baiyin Nonferrous establishes a Department of Mineral Resources to improve its mineral resource management system.
• Company announcement roundup: The board of directors reviewed and approved amendments to corporate governance-related rules and the list of authorized decision-making matters; the authorized matters were increased from 6 items to 8 items.
• Company announcement roundup: Board Secretary Ma Zaisheng resigns; Deputy General Manager Zhang Youda assumes the duties.

Company announcement roundup

The board of directors of Baiyin Nonferrous Group Co., Ltd. issued an announcement on April 2, 2026. Board Secretary Ma Zaisheng applied to resign due to work arrangements, and the resignation report became effective when delivered to the board. After resigning, Ma Zaisheng continued to serve as the company’s deputy general manager. He does not hold any shares in the company, and there is no share lock-up commitment. Before the appointment of a new board secretary, Deputy General Manager Zhang Youda will act on the relevant duties. The company would like to express its thanks for his contributions during his tenure.

On April 3, 2026, Baiyin Nonferrous held the 34th meeting of the fifth session of its board of directors via communication means. Thirteen directors were required to attend, and all 13 attended. The meeting was hosted by Chairman Wang Bin, and the resolutions are valid. The meeting approved the “Proposal to Establish Internal Management Institutions,” deciding to set up a Department of Mineral Resources to improve its mineral resource management system. At the same time, it approved the “Proposal to Amend Corporate Governance-Related Rules,” under which the amendments cover working rules for various special committees of the board of directors, operating management measures, proposal management, inspection and supervision of resolution follow-up, and an authorization management system, and it will also establish a new system for management of director departures. In addition, the “Proposal to Amend the List of Board-Authorized Decision-Making Matters” was approved; 2 additional items of authorized matters were added, adjusting the authorized matters from 6 items to 8 items, with an authorization term of three years. All proposals were unanimously approved.

The above information has been compiled by SZXingxing based on publicly available information and generated by an AI algorithm (Network Information Security Filing No. 310104345710301240019). It does not constitute investment advice.