Tsinghua Tongfang to use reserves to offset losses, streamline governance

Tsinghua Tongfang Co., Ltd. will use its capital reserves to cover accumulated losses of RMB 318,312,774.60, as per an audit report for December 31, 2024. This action, approved on September 8, 2025, aligns with national regulations to improve the company’s financial standing and facilitate future profit distribution. The company also announced that after this plan, its remaining capital reserve will be RMB 1,016,678,953.67.

In related developments, Tsinghua Tongfang will seek shareholder approval to select an audit firm as its 2025 audit firm for financial reports and internal controls. The board of directors also approved adjustments to the 2025 equity investment plan and a significant revision of the "Articles of Association," including the abolishment of the supervisory board, with its functions transferring to the audit and risk control committee.

These changes are part of a broader effort to streamline governance and comply with updated company laws and regulations, enhancing investor returns and promoting high-quality development. Other revised documents include the "Shareholder Meeting Rules," "Board of Directors Meeting Rules," and various internal management systems, all awaiting shareholder approval.