Wanfeng Auto Wheel approves governance changes, re-elects auditor, appoints new director

Zhejiang Wanfeng Auto Wheel's first extraordinary general meeting of shareholders in 2025, held on September 11, approved 12 proposals, including the 2025 half-year profit distribution, revisions to the company's articles of association and shareholder meeting rules, and amendments to internal governance policies. The profit distribution proposal garnered 99.7293% approval from attending shareholders.

Concurrently, the company's eighth board of directors convened its sixteenth meeting on September 11, electing Mr. Zhao Yaliang as the representative director for company affairs and legal representative. The board also confirmed the members of the audit committee, with Mr. Xie Tao serving as convener, and approved the re-appointment of Ernst & Young Hua Ming LLP as the audit and internal control firm for 2025. This reappointment will be submitted for shareholder approval at the second extraordinary general meeting on September 29.

In a related development, Mr. Wu Xingzhong resigned as a director and member of the strategic committee due to personal reasons. Following his resignation, Ms. Yang Yingying, a senior accountant and auditor, was elected as the new employee representative director and subsequently appointed to the strategic committee.