Fuling Power: Governance reforms tackle guarantees, investments, insider dealings

Chongqing Fuling Electric Power Industrial Co., Ltd. has updated its measures for the administration of external guarantees, effective from September 29, 2025. These measures standardize external guarantee procedures, emphasizing risk prevention and asset safety, with approvals required from the board of directors or shareholders' meeting. The company explicitly prohibits unauthorized personnel from issuing guarantees and mandates robust due diligence on guarantors.

Concurrently, the company revised its measures for the management of shareholdings and changes of directors and senior management, along with the rules of procedure for shareholders' meetings. These updates refine regulations for insider trading, share transfer restrictions, and the conduct of shareholder meetings. Additionally, the company implemented a new internal information and insider management system to safeguard confidential information and prevent insider trading activities. A revised external investment management measures was also approved, outlining clear decision-making processes, risk control, and financial management for external investments. These comprehensive updates underscore a strengthened commitment to corporate governance and risk management.