SG Automotive restructures governance, appoints employee director to board

Liaoning SG Automotive Group (SSE:600303) held its third extraordinary general meeting of shareholders on November 18, 2025. Shareholders approved the cancellation of the supervisory board and amendments to the company’s articles of association. This restructuring establishes an employee representative director within the board, aligning with changes to the company’s governance framework. The decision was reached through a special resolution, with 77.92% of voting shares in favor.

Concurrently, the company also addressed the resignation of Sun Jiandong from his director position, effective November 18, 2025, due to work adjustments. However, Sun will continue to serve the company as an employee director. An employee representative meeting on the same day elected Sun Jiandong as the employee director, replacing Yang Xudong, who was relieved of his duties as employee representative supervisor.

Furthermore, the general meeting approved revisions to several key corporate governance documents, including the "Shareholders' Meeting Rules," "Board of Directors' Meeting Rules," and "Independent Directors' Work System." The re-engagement of the accounting firm was also approved.