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ASTANA - Kazakhstan’s National Atomic Company Kazatomprom will hold an Extraordinary General Meeting of Shareholders on October 20, 2025, to vote on amendments to uranium supply contracts with Chinese entities.
The meeting, to be conducted via absentee voting, will address two key agenda items: concluding a Letter Agreement to a long-term uranium concentrate contract with CNNC Overseas Limited (CNOL) and amending a previous shareholders’ decision regarding uranium sales agreements with Chinese buyers.
According to the company’s statement, the proposed changes involve editorial modifications to the existing contract with CNOL and a draft agreement with China National Uranium Corporation (CNUC). Kazatomprom emphasized that material terms including volumes, prices, and delivery schedules will remain unchanged.
The meeting follows a November 2024 decision that approved a spot contract with CNOL, which has been fully executed, while the conclusion of a long-term agreement with CNUC was postponed due to editorial comments from CNUC’s authorized bodies.
Shareholders of record as of September 19, 2025, will be eligible to participate. Absentee voting will begin on October 10 and close on October 17, with votes counted on October 20.
Both CNOL and CNUC are affiliated entities of China National Nuclear Corporation (CNNC), China’s state corporation involved in nuclear power plant operations, research and development, construction, and nuclear fuel production.
The meeting requires participation from shareholders owning at least 50 percent of voting shares for decisions to be valid. Global Depositary Receipt holders may vote on behalf of beneficial owners if they submit required identification information through Citibank N.A. to Kazakhstan’s Central Securities Depository.
Kazatomprom is listed on the Astana International Exchange and London Stock Exchange.
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