Bright Dairy & Food to streamline governance, update articles

Bright Dairy & Food Co., Ltd. announced comprehensive amendments to its articles of association and shareholder meeting rules, pending approval at the general meeting of shareholders on November 28, 2025. Key changes include replacing "shareholders' general meeting" with "shareholders' meeting" and "articles of association of the company" with "these articles." Notably, all references to the "supervisory board" and "supervisor" have been removed, with their functions transferred to the audit committee.

The revisions also encompass modifications to the company's registered address, from No. 578 Wuzhong Road, Shanghai, to No. 2680 Huchuan Road, Minhang District, Shanghai. Additionally, the company will update its authorized share capital, which currently stands at 1,378,473,763 shares, to reflect recent private placements of A-shares, including the 154,153,354 shares issued in December 2021. The updated articles further clarify provisions related to shareholder rights, board responsibilities, and financial reporting.