Maiquer Group to overhaul governance, abolish supervisory board

Maiquer Group's board of directors held its 22nd meeting of the fourth session on September 30, 2025, to approve several key changes to its corporate governance and operational policies. A major resolution passed was the revision of the company's articles of association, which includes the abolishment of the supervisory board, transferring its responsibilities to the audit committee. This proposal, along with other governance updates, will be submitted for shareholder approval at the third extraordinary general meeting of 2025.

The board also approved revisions to 31 other internal governance documents, including the shareholders' meeting rules, board of directors' meeting rules, and independent directors' work system. These comprehensive updates aim to align the company with the latest regulatory requirements and internal business needs. The company also announced the third extraordinary general meeting of 2025, scheduled for October 27, 2025, at 16:00, where shareholders will vote on these proposed changes.

Key among the governance revisions is an updated policy for directors and senior management on shareholdings and changes, establishing stricter rules for trading company shares. These decisions reflect Maiquer Group's commitment to enhancing transparency and operational efficiency.