China Film announces board refresh, reappoints auditor for 2025

China Film Group Corporation (SSE:600977) announced resolutions from its Third Board of Directors' 23rd meeting, held on September 23, 2025. Key among the resolutions are the election of the Fourth Board of Directors and the reappointment of its auditing firm. The board approved both proposals with unanimous consent from all nine attending directors. These resolutions will be put to a vote at the company's First Extraordinary General Meeting of 2025, scheduled for October 10, 2025.

The proposed Fourth Board of Directors includes six non-independent director candidates, such as Fu Ruoqing and Wang Bei, and four independent director candidates, including Zhang Shuwu and Wang Mengqiu. One independent director position remains temporarily vacant and will be filled shortly. Incumbent directors will continue to serve until the new board is officially appointed.

Furthermore, an accounting firm has been reappointed as the company's external auditor for the 2025 financial year, following a review by the board's audit committee. The estimated audit fee for 2025 is RMB 2.65m, a slight increase from RMB 2.58m in 2024. This reappointment ensures ongoing financial oversight and internal control auditing for the upcoming year.