Jiangsu Wujin Stainless to abolish supervisory board, replace with audit committee

Jiangsu Wujin Stainless Co., Ltd. will hold its second extraordinary general meeting on September 25, 2025, to vote on the abolition of the supervisory board and the revision of related company articles. This follows approval by the Fifth Board of Directors and the Fifth Supervisory Board on August 25, 2025. The company will replace the supervisory board's functions with an audit committee under the board of directors, aligning with new company law implemented July 1, 2024. The total share capital of the company is 561,069,165 yuan.

The meeting agenda also includes reviewing the company’s semi-annual report for 2025 and adjusting its organizational structure. The company’s half-year financial report showed an operating income of 1.12 bn yuan and a net profit of 75.5m yuan. Concurrently, the company announced the resignation of its securities affairs representative, Huang Wei, effective August 27, 2025, due to work adjustments.

The company will hold a performance briefing on September 10, 2025, via online webcast and interactive sessions, discussing its semi-annual operating results and financial indicators. Investors can submit questions in advance from September 3 to September 9, 2025.