Toyou Feiji shareholders approve governance changes, abolish supervisory board

Beijing Toyou Feiji Technology Co. held its first extraordinary general meeting of shareholders for 2025 on September 11, 2025. A total of 253 shareholders or proxies, representing 186,214,738 shares and 38.8543% of the company's voting capital, participated. Key resolutions included the elimination of the company's supervisory board and the repeal of its associated rules, which passed with 99.6088% of votes in favor.

Shareholders also approved revisions to various internal governance documents. The "Articles of Association" were updated with 98.8366% approval, while the "Rules of Procedure for Board Meetings" and "Independent Directors Work System" saw 98.8378% and 98.8383% approval respectively. Other resolutions included changes to the "Shareholder Meeting Rules of Procedure," "Online Voting Management System for Shareholder Meetings," "Daily Production and Operation Decision Management Measures," "Connected Transaction Management System," "External Guarantees Management System," "External Investment Management Measures," "Fundraising Management Measures," "Information Disclosure Management System," and "Investor Relations Management System," all passing with strong majorities.