Bohai Ferry group to overhaul governance, re-appoint auditor for 2025

Bohai Ferry Group (SSE:603167) will cancel its Board of Supervisors, transferring its functions to the Board of Directors' Audit Committee. This change is effective upon shareholder approval at the upcoming extraordinary general meeting on November 5, 2025. This move necessitates revisions to the company's Articles of Association and 30 related governance systems, with 11 requiring shareholder approval. The Board of Directors will handle subsequent registration and filing.

Additionally, the company will seek shareholder approval to re-appoint Da Hua Certified Public Accountants (Special General Partnership) as its 2025 financial and internal control auditor. The audit committee and the board have already approved the reappointment. The 2025 audit fee will remain unchanged at CNY 620,000, comprising CNY 520,000 for financial reporting and CNY 100,000 for internal control audit.

These proposals were approved by the Board of Directors on October 20, 2025. All proposals requiring shareholder approval will be submitted for a vote at the extraordinary general meeting.