Yili Industrial Group to abolish supervisory board, amend articles

Inner Mongolia Yili Industrial Group announced that its Eleventh Board of Directors and Eleventh Supervisory Board approved the abolition of the supervisory board and subsequent amendments to its Articles of Association. The functions of the supervisory board will be transferred to the board's audit committee to enhance governance. These changes will be submitted for approval at an upcoming extraordinary general meeting on November 28, 2025.

The amendments to the Articles of Association are extensive, revising numerous clauses related to the General Meeting of Shareholders, Board of Directors, and other governance mechanisms. Key changes include modifications to shareholder rights and responsibilities, director duties, and the establishment of new board committees. These revisions are in accordance with the "Company Law" and "Guidelines for Articles of Association of Listed Companies."

In related financial news, the company repurchased 40,540,038 shares for a total of 1,006,823,221.86 yuan (excluding transaction fees). These shares were canceled on May 20, 2025, reducing the total share capital from 6,365,900,705 shares to 6,325,360,667 shares and the registered capital accordingly from 6,365,900,705.00 yuan to 6,325,360,667.00 yuan.