Shanghai Jinqiao announces board changes, governance overhaul ahead of EGM

Shanghai Jinqiao Export Processing Zone Development Co. will convene its first extraordinary general meeting of shareholders for 2025 on December 30, 2025, to address significant governance changes. The agenda includes the election of new directors and independent directors following multiple resignations.

Ms. Wang Ying, chairman of the board, has stepped down due to job reallocation, effective December 30, 2025. Concurrently, Mr. Liu Guang'an, Mr. Tao Wuping, Mr. Li Yifan, and Mr. Lei Lianghai have also resigned from their director and independent director roles, with their resignations effective after the December 30, 2025 meeting.

The company proposes to elect Mr. Guo Rong and Mr. Wang Jianbao as new directors, and Mr. Ji Nuo and Ms. Shao Lili as independent directors. These nominations have been vetted and approved by the board's nomination committee.

The shareholders meeting will also vote on extensive revisions to the company's articles of association, including the proposal to abolish the board of supervisors and transfer its functions to the audit committee. These proposed amendments cover key areas such as the board of directors, general meetings, and financial oversight, aligning with updated corporate governance standards.

Shareholders will participate in the vote via both on-site attendance and an online voting system. All proposals were approved by the board on December 12 and December 15, 2025, respectively, and require shareholder approval to take effect.