Juneyao Airlines to overhaul governance, appoint new auditor

Juneyao Airlines plans to amend its Articles of Association, including dissolving its supervisory board and absorbing its functions into the board's audit committee. This change, along with revisions to several other governance policies, aims to streamline operations and comply with updated company law and regulatory guidelines. The board of directors approved these revisions, which will be presented to shareholders for a vote at the first extraordinary general meeting of 2025.

Additionally, the company intends to appoint L.H. CPA LLP as its financial report and internal control auditor for 2025, with an annual audit fee totaling 2.1 million yuan. This follows a decision by the board's audit committee and subsequent approval by the board of directors. The current auditor, Zhong审众环会计师事务所, has no objections to the change.

Shareholders will convene on October 9, 2025, for the extraordinary general meeting. Key agenda items include the cancellation of the supervisory board, amendments to governance policies, and the appointment of L.H. CPA LLP as the new audit firm. These changes underscore Juneyao Airlines' commitment to adapting its corporate structure to meet evolving regulatory standards and business needs.