Triangle Tyre expands business scope, revises governance structure

Triangle Tyre Co., Ltd. (SSE:601163) announced on October 12, 2025, that it will expand its business scope and amend its articles of association, subject to shareholder approval. The expanded scope includes new activities such as general machinery manufacturing, electrical equipment manufacturing, instrumentation manufacturing, chemical product manufacturing and sales, new material technology research and development, and various consulting and logistic services.

A key governance change involves the abolition of the board of supervisors, with its duties to be transferred to the board of directors' audit committee. A new role for a worker-director on the board of directors will be established. These changes aim to streamline the company’s oversight structure.

Alongside these updates, Triangle Tyre also revised several internal management policies, including those related to shareholder meeting procedures, investment management, external guarantees, related-party transactions, and investor relations. These revisions, approved by the board of directors, clarify and update operational guidelines and reinforce compliance with regulatory requirements.