Yutong Bus streamlines governance, eyes future growth

** Zhengzhou Yutong Bus (SSE:600066) is set to modernize its governance structure and streamline decision-making, according to a series of announcements culminating in a shareholder meeting scheduled for April 25, 2025. The primary amendment involves the elimination of the supervisory board, with its functions absorbed by the audit committee. This move, along with other proposed changes to the Articles of Association, including renaming "Shareholder Meeting" to "Shareholder Assembly", aims to improve the company's operational efficiency. In addition, Yutong will propose to elect Mr. Li Shinu and Mr. Wang Bintao as the new directors, replacing Mr. Wang Xuemin and Mr. Zhang Tongqiu