Shenzhen Expressway to abolish supervisory board, boost capital

Shenzhen Expressway Group Co., Ltd. announced on November 24, 2025, that its board has approved the cancellation of the supervisory board, amendments to its articles of association, and an increase in registered capital. The company will no longer have a supervisory board or supervisors, with the audit committee assuming the supervisory board's responsibilities as per the amended Company Law. The current supervisors will resign once shareholders approve the change.

These changes follow the issuance of 357,085,801 new A-shares in March 2025. This issuance increased the total share capital from 2,180,770,326 shares to 2,537,856,127 shares, correspondingly changing the registered capital from RMB 2,180,770,326 to RMB 2,537,856,127.

The articles of association and related rules of procedure will be revised to reflect the abolition of the supervisory board, changes in registered capital, and updates to provisions concerning legal representatives, shareholders, the board of directors, and specialized committees. These revisions also include the addition of an employee director and adjustments to clauses on share repurchases, financial assistance, auditor appointments, profit distribution, and company dissolution.