BOE Technology Group streamlines governance, reduces capital

BOE Technology Group's registered capital has decreased from 37,645,016,203 yuan to 37,413,880,464 yuan due to the cancellation of treasury shares and restricted share buybacks. This change was approved at the second extraordinary general meeting of 2025 on September 16, 2025. Concurrently, the company revised its Articles of Association to align with new "Company Law" provisions, optimizing corporate governance by replacing the Board of Supervisors with a Risk Control and Audit Committee under the Board of Directors.

The amended Articles of Association detail changes to capital structure, shareholder rights, and board composition, including provisions for electing directors and managing related party transactions. The new Board of Directors' Meeting Rules, also approved on September 16, 2025, reflect these governance updates, particularly emphasizing the new Risk Control and Audit Committee's role. Similarly, the Shareholders' Meeting Rules were revised to reflect the abolition of the Board of Supervisors, clarifying procedures for shareholder meetings and director elections.