COFCO Sugar to overhaul governance, inject capital into subsidiary

COFCO Sugar Holding Co., Ltd. (SSE:600737) announced the cancellation of its supervisory board, transferring its functions to the board's audit and risk management committee, and a comprehensive revision of its Articles of Association. These changes, approved by board and supervisory board meetings on August 26, 2025, are pending shareholder approval at an extraordinary general meeting on September 22, 2025, aligning with updates to the "Company Law of the People's Republic of China."

The company also approved a RMB 90 million capital injection into Xinjiang Sifang Sugar Co., Ltd., increasing its registered capital to RMB 140 million. This aims to enhance financial strength and market competitiveness as part of its "Quality Improvement and Efficiency Enhancement for High Returns" action plan, which seeks to optimize capital structure and expand production capacity.

The "Quality Improvement and Efficiency Enhancement for High Returns" plan, initially announced on October 11, 2024, has shown progress in enhancing raw material control, expanding high-value-added product lines, and refining processing technologies. Key achievements include record sugar production in the 2024/25 crushing season and a 41% increase in sales of small-package sugar, alongside challenges such as declining tomato product revenue.