Dongfeng Automobile to overhaul governance, abolish supervisory board

Dongfeng Automobile Co. Ltd. is implementing a comprehensive overhaul of its corporate governance structure, effective October 2025. This includes the cancellation of the supervisory board, with its duties transferred to the board of directors' audit and risk (supervision) committee. Concurrently, the company is adopting and revising several key internal policies, such as the "Management System for Shares Held by Directors and Senior Management of Dongfeng Automobile Company Limited and Changes Therein" and the "Information Disclosure Interim and Exemption Management System."

These changes, approved by the board of directors, aim to enhance compliance and transparency. The revised articles of association and accompanying rules, which remove references to the supervisory board, will be submitted to shareholders for approval. The board also authorized the management to decide on structured deposits up to RMB 1.2 bn until April 30, 2026. A special shareholder meeting is scheduled for October 30, 2025, to vote on these proposals and other items, including a review of the company's 2025 investment plan and revisions to the "Board of Directors Remuneration Management Committee Implementation Rules."