YTO Express board approves new directors, governance updates, and supervisory board cancellation

YTO Express Group’s eleventh board of directors convened its nineteenth meeting on September 26, 2025, approving critical resolutions including the election of new non-independent and independent directors for its twelfth board. Nine non-independent director candidates, including Mr. Yu Huajiao and Ms. Zhang Xiaojuan, were proposed, along with three independent director candidates, Mr. Xu Junli, Mr. Wei Baojiang, and Ms. Huang Rong, all subject to shareholder approval and serving three-year terms. All resolutions concerning director elections received unanimous approval.

Additionally, the board ratified an independent director stipend of 200,000 yuan per year before tax, and approved the cancellation of the supervisory board, requiring amendments to the company's Articles of Association. This decision was also unanimously approved and will be submitted to the shareholders' meeting.

Significant revisions to 24 internal governance policies were also adopted, including updates to the Articles of Association, the Board of Directors' Rules of Procedure, and the Management System for Related Party Transactions. These changes aim to enhance corporate governance and ensure compliance with updated regulations. A second extraordinary general meeting for 2025 has been scheduled for October 17, 2025, to deliberate on these and other related proposals.