Anjoy Foods to abolish supervisory board, revamp governance

Anjoy Foods will abolish its supervisory board, transferring its responsibilities to the board of directors' audit committee, following resolutions passed at meetings on November 10, 2025. This change, pending shareholder approval, will lead to revisions in the company's articles of association and the abolishment of the "Anjoy Foods Supervisory Board Rules of Procedure," along with related governance documents.

The updated articles of association, effective upon shareholder approval, detail several changes including the definition of legal representative powers, shareholder responsibilities, and an increase in the number of directors from ten to eleven, with four independent directors. The company's total share capital, post-H-share issuance, will be RMB333,288,932, comprising RMB293,294,232 A-shares (88%) and 39,994,700 H-shares (12%). The company has also set specific criteria for financial assistance to others and for various transaction thresholds requiring board or shareholder approval.