Rizhao Port Jurong proposes governance changes, elects new director

Rizhao Port Jurong Co. announced proposed amendments to its Articles of Association, driven by the new Company Law effective July 1, 2024, and updated CSRC guidelines. Key changes include abolishing the Supervisory Committee, with its functions and powers assumed by an Audit Committee, and adopting new Rules of Procedures for both Shareholders' Meetings and the Board of Directors. These reforms aim to align the company with the latest PRC laws, regulations, and Hong Kong Listing Rules.

The company will hold an Extraordinary General Meeting (EGM) on December 30, 2025, to vote on these special resolutions. Shareholders will also consider an ordinary resolution for the election of Jin Feng as a non-executive director. Jin Feng, 45, brings 20 years of port management experience and will replace Fang Lei, who resigned due to work arrangements.

The EGM will also address a requirement from the Stock Exchange for hybrid shareholder meetings and electronic voting, applicable to annual general meetings held after July 1, 2025. Shareholders are encouraged to submit proxy forms by December 29, 2025. The register of members will close from December 23 to December 30, 2025, to determine eligibility for attendance.