Taiji Group abolishes supervisory board in governance overhaul

Chongqing Taiji Industry (Group) Co., Ltd. shareholders approved the abolition of the company's supervisory board and amendments to its articles of association, with 98.6% support.

The company also secured overwhelming approval for a share repurchase program, with voting support exceeding 99% across all aspects including funding, methodology and duration.

Additional governance changes included the appointment of new directors and a switch in accounting firms, both receiving near-unanimous shareholder backing.