Qilu Expressway shareholders approve governance changes, abolish supervisory committee

Qilu Expressway Company Limited announced the results of its Extraordinary General Meeting (EGM) held on 12 December 2025, where shareholders approved amendments to the Articles of Association and rules for both general meetings and the Board of Directors. The EGM saw 1,835,602,000 shares, representing 91.7801% of total voting shares, in attendance.

All three special resolutions passed with significant majority. The proposed amendments to the Articles of Association received 1,835,411,000 votes for (99.989595%) and 191,000 votes against (0.010405%). Amendments to the Rules of Procedures for General Meetings and the Rules of Procedures for the Board of Directors both passed unanimously with 1,835,602,000 votes for (100.000000%).

These amendments, effective from 12 December 2025, abolish the supervisory committee, transferring its powers and functions to the audit committee of the Board. Consequently, the duties of the current supervisors were terminated, and the Rules of Procedures for the Supervisory Committee were repealed.