Fuyao Glass announces new chairman, governance reforms

Fuyao Glass Industry Group announced Mr. Cao Dewang has resigned as chairman and legal representative, taking on the role of lifelong honorary chairman. Mr. Cao Hui has been elected as the new chairman and legal representative, effective October 16, 2025. This change aims to optimize the company's governance structure and ensure sustainable development, with Mr. Cao Dewang continuing to contribute his expertise as a lifelong honorary chairman and board member.

The company will hold a third-quarter earnings briefing on October 29, 2025, via network interaction on the Shanghai Stock Exchange Roadshow Center. Investors can submit questions from October 22 to October 28, 2025.

The board also approved significant amendments to several internal governance documents, effective October 17, 2025. These revisions, including the "Outbound Investment Management System" and "Raised Funds Management Measures," aim to enhance risk control and improve operational efficiency. Additionally, Fuyao Glass secured comprehensive credit lines totaling RMB 121 bn from several banks to support its operational capital needs.