Fuyao Glass shareholders approve profit distribution, governance changes

Fuyao Glass Industry Group Co., Ltd. announced the successful passing of all resolutions at its 2025 First Extraordinary General Meeting (EGM) held on September 16, 2025. Shareholders approved an interim profit distribution plan for 2025 with 99.980137% of votes for, alongside significant amendments to the company's articles of association and rules of procedure for both shareholders' meetings and the board of directors, which passed as special resolutions with over 99.97% of votes for. The EGM, attended by shareholders holding 62.391651% of total voting shares, also saw the election of two independent non-executive directors.

The approved amendments to the articles of association include the elimination of the board of supervisors, resulting in the retirement of all supervisors. Consequently, the audit committee will now exercise the duties and powers previously stipulated for the board of supervisors. This restructuring aims to streamline governance, ensuring compliance with relevant laws and regulations and enhancing the company's decision-making framework.

The total issued share capital of the company at the EGM date was 2,609,743,532 shares, comprising 2,002,986,332 A shares and 606,757,200 H shares.