Tuopu Group shareholders approve major governance revisions, supervisory board abolished

Ningbo Tuopu Group announced the successful conclusion of its third extraordinary general meeting of shareholders for 2025, held on October 10, 2025. A total of 1,313 shareholders and proxies attended, representing 64.3427% of the company's voting shares. All eight proposed resolutions were passed, indicating strong shareholder support for the company's strategic governance adjustments.

Key approvals included the discontinuation of the supervisory board and the repeal of its associated rules, which garnered overwhelming support with 99.9553% of votes in favor. Shareholders also approved revisions to the company's articles of association and rules governing shareholder meetings, board meetings, and the independent director system, with vote percentages ranging from 95.7042% to 99.9756% in favor for most amendments.

Notably, the resolution to revise the articles of association was designated as a special resolution and successfully passed with more than two-thirds of the effective voting shares represented. Other approved items included amendments to the auditor selection system, the management system for raised funds, and a change in the use of a portion of the raised funds.