Perfect World to revise corporate governance, convenes extraordinary general meeting

Perfect World (SZSE:002624) convened its Sixth Board of Directors' Sixteenth Meeting on October 10, 2025, to approve extensive revisions to its articles of association and various internal management systems. These changes are designed to align with the new Company Law and improve corporate governance, including the abolition of the supervisory board, with its functions transferred to the board of directors' audit committee. Concurrently, the Sixth Supervisory Board's Twelfth Meeting also approved these revisions, which necessitate shareholder approval.

The proposed revisions impact several key areas, such as the management of external investments, external guarantees, and connected transactions, with updated decision-making thresholds and disclosure requirements. Notably, the revised articles of association will reflect changes in the definition of senior management and the roles of the board of directors.

A First Extraordinary General Meeting for 2025 is scheduled for October 27, 2025, to seek shareholder approval for these amendments. Shareholders will have the option to vote in person or via online platforms, with registration for the meeting closing on October 16, 2025. These comprehensive updates underscore Perfect World's commitment to enhancing its operational and regulatory compliance framework.