YTO Express to streamline governance, proposes board changes

YTO Express Group Co., Ltd. has announced an Extraordinary General Meeting of Shareholders for October 17, 2025, to address several key corporate governance changes. The company proposes to eliminate its supervisory board, transferring its functions to the board's audit committee. This move aligns with updated regulations and aims to streamline governance.

The meeting will also see a revamp of the board of directors. Shareholders will vote on the election of six non-independent directors, including Yu Huijiao, Zhang Xiaojuan, Pan Shuimiao, Shen Chen, Yu Shilun, and Ge Chengjie, all serving a three-year term. Concurrently, three independent directors, Xu Junli, Wei Baojiang, and Huang Rong, are proposed for election, also for a three-year tenure.

Furthermore, the company plans to modify various internal governance documents, such as the Articles of Association, Shareholder Meeting Rules, Board of Directors Meeting Rules, and Independent Director Work System. Directors' remuneration will also be discussed, with independent directors slated to receive a pre-tax allowance of 200,000 yuan annually. The company's registered capital will also be adjusted from 3,436,146,954 yuan to 3,420,226,138 yuan due to previous stock option exercises and share repurchases.