Rizhao Port Jurong proposes governance overhaul ahead of regulatory changes

Rizhao Port Jurong Co., Ltd. announced proposed amendments to its Articles of Association, the abolition of its Supervisory Committee, and the adoption of new rules for general meetings and the board of directors. These changes are driven by the revised Company Law of the People's Republic of China, effective July 1, 2024, and the China Securities Regulatory Commission's (CSRC) Transitional Arrangements, issued December 2024. The CSRC guidelines require listed companies to establish audit committees under their boards and remove supervisory committees by January 1, 2026.

The proposed changes also account for new requirements from the Stock Exchange's "Consultation Conclusions," published in January 2025, which mandate provisions for hybrid general meetings and electronic voting for annual general meetings held after July 1, 2025. These proposals are subject to shareholder approval by special resolutions at an Extraordinary General Meeting (EGM) scheduled for Tuesday, December 30, 2025.

To determine H share holders eligible for the EGM, the company's register of members will be closed from Tuesday, December 23, 2025, to Tuesday, December 30, 2025 (both days inclusive). Share transfer documents must be lodged by 4:30 p.m. on Monday, December 22, 2025, to qualify for EGM attendance.