Yunnan Xiyi Industry revises governance, shareholder meeting procedures

Yunnan Xiyi Industry Group Co., Ltd. announced comprehensive revisions to its articles of association, effective from a board meeting held on September 23, 2025. A key change unifies references to "shareholder general meeting" to "shareholder meeting" throughout the document. Additionally, the company is updating its registration details to reflect the new corporate name and registration authority. The revisions also clarify the duties of the legal representative and redefine instances where the company may not acquire its own shares, expanding permissible scenarios.

These governance changes include updates to shareholder meeting procedures, director eligibility, and the scope of external guarantees requiring shareholder approval. For example, external guarantees exceeding 50% of the company's latest audited net assets now require shareholder approval. The company is also establishing new internal controls and risk management systems, including a market value management system, an information disclosure deferral and exemption system, and an internal review system for interactive platform information. Revisions to various operational rules, such as those for investment management and related-party transactions, were also approved. The proposals requiring shareholder approval will be submitted to a shareholder meeting on October 20, 2025.