Oriental Pearl proposes major governance changes, director compensation

Oriental Pearl Group will hold its first extraordinary general meeting of shareholders on December 22, 2025, to vote on several critical proposals. These include a revised remuneration plan for proposed directors, with independent directors receiving an annual allowance of 180,000 yuan (tax inclusive), while shareholder and internal directors will not receive separate remuneration for their board roles.

A key proposal involves the discontinuation of the supervisory board, with its functions to be assumed by the board's audit committee. This change necessitates extensive revisions to the Company Articles of Association, Shareholder Meeting Rules, and Board Meeting Rules, aligning the company with updated regulations and improving governance.

Shareholders will also vote on electing the eleventh board of directors, comprising six non-independent director candidates—Mr. Song Jiongming, Ms. Cheng Wei, Ms. Yin Xin, Mr. Wang Jian'er, Mr. Huang Kai, and Mr. Jin Xiaoming—and three independent director candidates—Mr. Su Xijia, Mr. Liu Gongrun, and Ms. Xu Shiqi. All proposed changes have received approval from the tenth board of directors and, where applicable, the independent directors' special meeting.