Chongqing Department Store to update governance rules, remove supervisory board

Chongqing Department Store Co., Ltd. has announced proposals for its first extraordinary general meeting of shareholders in 2025, scheduled for September 24. Key items on the agenda include amendments to the company's Articles of Association, which will reflect the removal of the supervisory board in line with new regulatory requirements.

Additionally, the company will seek approval for revisions to its Shareholders' Meeting Rules and Board of Directors' Meeting Rules. These updates are prompted by modifications to the "Guidelines for Articles of Association of Listed Companies" and "Rules for Shareholders' Meetings of Listed Companies" by the China Securities Regulatory Commission (CSRC) in March 2025. Revisions by the Shanghai Stock Exchange to its "Stock Listing Rules" and "Self-Regulatory Guidance No. 1 for Listed Companies" between April and May 2025 also informed the changes.

Chongqing Department Store disclosed the revised Shareholders' Meeting Rules and Board of Directors' Meeting Rules on September 13, 2025. These proposed changes aim to align the company's governance framework with the latest regulatory standards.