Jiayou International Logistics revises governance, leadership with new appointments

Jiayou International Logistics Co., Ltd. (SSE:603871) held its Fourth Board of Directors' First Meeting on September 15, 2025, electing Han Jinghua as chairman and appointing Meng Lian as president. The board also approved the appointments of Bai Yu, Wu Zibin, Zou Di, Liu Jianjun, Wang Yuhong, Zhang Bofei, and Liu Xiangyu as vice presidents, and Zhou Lijun as chief financial officer. Nie Huifeng was appointed board secretary.

The company further announced revisions and formulations of several key governance documents. These include updated external guarantee management, related party transaction management, and the management system for shares held by directors and senior management. The "External Guarantee Management System" now mandates that all external guarantees, including those to controlled subsidiaries, must be reviewed by the board of directors or shareholders. Specific thresholds for shareholder approval include single guarantees exceeding 10% of net assets, or total guarantees exceeding 50% of net assets.

The revised "Related Party Transaction Management System" outlines clear approval and disclosure procedures for transactions with related parties. Certain transactions below specific monetary thresholds (e.g., 300,000 yuan with natural persons, 3,000,000 yuan or 0.5% of net assets with legal entities) may require independent director approval, while larger transactions demand shareholder consent. The company emphasizes stringent oversight to prevent conflicts of interest and ensure fair pricing in related party dealings.