BTG Hotels' shareholders approve governance overhaul, supervisory board dissolved

Beijing Shou Lv Hotel (Group) Co., Ltd. (BTG Hotels) announced that its third extraordinary general meeting of shareholders in 2025, held on September 19, 2025, approved all four proposed resolutions. The meeting saw 436 shareholders and proxies representing 469,073,899 shares, or 42.0090% of the company's total share capital, in attendance.

Key among the approved resolutions was the removal of the company's supervisory board and the abolition of the "Rules of Procedure for the Supervisory Board." This resolution passed with 99.6261% of votes in favor from attending shareholders. Additionally, shareholders approved revisions to the "Rules of Procedure for the Board of Directors," the "Rules of Procedure for the General Meeting of Shareholders," and the "Articles of Association."

All four resolutions were deemed special resolutions and required a two-thirds majority, which they successfully achieved. The changes signify a notable shift in the company's internal governance structure.