Dongfeng Automobile to boost investment, reform governance by ending supervisory board

Dongfeng Automobile Company Limited announced an increase in its 2025 investment plan, adding RMB5,003 million for the V7 Mingchuang model project. This adjustment brings the total 2025 investment issuance budget to RMB100,119 million and the payment budget to RMB39,711 million. This proposal has been approved by the seventh board of directors' seventeenth meeting.

In a move to streamline corporate governance, the company proposes to abolish the supervisory board, transferring its functions to the board of directors' audit and risk (supervision) committee. This necessitates revisions to the articles of association, the rules of procedure for shareholders' meetings, and the rules of procedure for board meetings. These changes aim to align with the latest legal and regulatory requirements.

Additionally, Dongfeng Automobile plans to revise the "Implementation Rules for the Board of Directors' Remuneration Management Committee." These governance reforms and investment adjustments will be discussed and voted upon at the fourth extraordinary general meeting of shareholders on October 30, 2025.