SMT Scharf AG, a global supplier of transport solutions and logistics systems for underground mining, successfully held its 2026 Annual General Meeting on May 19, 2026, in Hamm, Germany. With 70.37% of the share capital represented, shareholders approved all proposed resolutions by a large majority, including the release from liability for the Managing Board and Supervisory Board for the 2025 financial year.
The Managing Board reported on the company's performance in fiscal year 2025 and provided an overview of developments in the first quarter of 2026, as well as expectations for the full year. A key focus was the detailed presentation of Strategy 2026, adopted earlier in the year. This comprehensive transformation process aims to position the company for future success through improved efficiency, profitability, and product portfolio development. Initiatives include structural measures to enhance the SMT Scharf Group's performance and a shift toward battery-powered transport systems to address new technologies and markets.
Shareholders also elected Jian Liu and Hui Guo to the Supervisory Board, confirming their court-ordered appointments. They join Prof. Dr. Ferdinand Bernhard Mager, Dr. Lei Zhang, and Prof. Wei Luan to form the five-member board. Additionally, Rodl Audit GmbH Wirtschaftsprufungsgesellschaft was appointed as auditor for the 2026 financial year.
The detailed voting results are available on the company's website at www.smtscharf.com in the Investor Relations section.
SMT Scharf Group develops, manufactures, and services transportation equipment for underground mining and tunnel construction. Its product range includes captivated railway systems for material and personnel transport in hard coal, gold, platinum, and other metal mines, with payloads up to 48 tonnes on gradients up to 35 degrees. The company also supplies chairlifts and, since 2018, rubber-tyred diesel and electric vehicles such as loaders, scissor lifts, and underground trucks. As part of its diversification strategy, SMT Scharf is advancing battery-powered transport solutions. The group operates subsidiaries in seven countries and has agents worldwide.
