Henan Dayou Energy proposes to abolish supervisory board

Henan Dayou Energy Co., Ltd. has scheduled its Second Extraordinary General Meeting of Shareholders for 2025 on November 28, 2025, at 3:30 PM. The meeting will take place at the company's offices in Yima City, Henan Province. A key agenda item is the proposal to abolish the supervisory board and revise the company’s articles of association and related internal regulations.

The proposal, already approved by the company's ninth board of directors at its twenty-second meeting, seeks to streamline corporate operations. Under the new structure, the functions previously held by the supervisory board would be transferred to the audit committee of the board of directors. Concurrently, revisions to the "Articles of Association," "Rules of Procedure for General Meetings of Shareholders," and "Rules of Procedure for Board Meetings" have been prepared.

These revised documents will take effect upon approval by the shareholders, while the "Rules of Procedure for the Supervisory Board" and other related supervisory board regulations will be nullified. The company also states that any existing company regulations referencing the supervisory board or supervisors will no longer be applicable.