FAW Jiefang announces director changes, governance overhaul

FAW Jiefang Group announced the resignation of Mr. Wang Hao as a non-independent director from its tenth board of directors due to corporate governance restructuring, effective immediately. Mr. Wang will continue in other roles within the company. Concurrently, the company's employee representative congress elected Mr. Wang Hao as an employee representative director for the tenth board, effective until the board's term concludes.

In a related development, FAW Jiefang Group held its second extraordinary general meeting of 2025 on September 9, 2025. Key resolutions passed include the election of Mr. Jiao Youlin as a non-independent director, and the approval to abolish the supervisory board and amend the company's articles of association.

The company's updated articles of association, approved on September 9, 2025, reflect the abolition of the supervisory board, transferring its functions to the audit and risk control committee. The board of directors will now consist of 9 directors, including 3 independent directors and 6 non-independent directors (one of whom is an employee representative director), with a single chairman elected by a majority of the board. These changes streamline the corporate governance framework, aligning it with best practices for listed companies.