People.cn proposes board restructuring, policy updates at upcoming EGM

People.cn Co., Ltd. will hold its first extraordinary general meeting of shareholders in 2025 on Monday, December 29, to vote on seven key proposals. A central item on the agenda is the cancellation of the supervisory board and subsequent revisions to the company's articles of association. This change would see the audit committee of the board of directors assume the supervisory responsibilities outlined in the Company Law.

Shareholders will also consider revisions to several core governance documents, including the rules of procedure for shareholders' meetings, the rules of procedure for board meetings, the independent director system, the related party transaction management system, and the external guarantee management system. Additionally, amendments to the remuneration system for directors, supervisors, and senior management personnel are proposed.

The meeting will take place at 14:30 on December 29, 2025, at the People's Daily New Media Building in Beijing. Shareholders can also participate via online voting through the Shanghai Stock Exchange's system, with voting open from 9:15 to 15:00 on the same day. All specific content for these proposed changes was disclosed on December 13, 2025, on the Shanghai Stock Exchange website.