Red Star Macalline abolishes supervisory committee in governance overhaul
Red Star Macalline Group announced it will abolish its Supervisory Committee and implement major changes to its corporate governance structure, subject to shareholder approval at an extraordinary general meeting on August 15, 2025.
The overhaul includes revisions to rules governing independent non-executive directors, external guarantees, related party transactions, and external investments to align with PRC Company Law requirements.
Shareholders will also vote on appointing Xu Guofeng as a new non-executive director.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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