Qilu Expressway to overhaul governance, abolish supervisory committee

Qilu Expressway Company Limited announced proposed amendments to its articles of association and rules of procedure, signaling a significant corporate governance overhaul. The changes are prompted by the China Securities Regulatory Commission’s transitional arrangements relating to the implementation of the supporting systems and rules of the new company law, issued on December 27, 2024, and the guidelines for the articles of association of listed companies, issued on March 28, 2025.

Central to the proposed reforms is the cancellation of the company’s supervisory committee and the repeal of its rules of procedures. Concurrently, the company plans to amend its articles of association and introduce corresponding adjustments to the rules of procedures for general meetings and the rules of procedures for the board of directors, aiming to optimize its corporate governance procedures.

These resolutions await consideration and approval by the company’s general meeting, with amendments taking effect upon such approval. A circular detailing these proposals, along with a notice for the general meeting, will be published on the HKEXnews website and the company’s website.