GEM plans to reduce board size, amend charter

GEM Co., Ltd. (SZSE:002340) has announced plans to amend its Articles of Association. The decision, approved by the board on February 17, 2025, and pending shareholder approval at the upcoming extraordinary general meeting, includes reducing the size of the supervisory board from five to four members. This adjustment is aimed at improving corporate governance and safeguarding shareholder rights. The company will also revise related provisions in its "Rules of Procedure for the Supervisory Board." The updated Articles of Association will be available on the Shenzhen Stock Exchange's website.