Zhefu Holding Group approves governance changes, elects new director

Zhefu Holding Group Co., Ltd. held its third extraordinary general meeting of shareholders on October 10, 2025, approving several crucial resolutions. Shareholders voted to revise the "Articles of Association" and "Rules of Procedure for Shareholder Meetings" as special resolutions, with high approval rates across investor categories. Additionally, the "Rules of Procedure for Board of Directors' Meetings" was also passed.

A notable outcome was the approval of adjustments to the 2025 related-party transaction forecast, with related parties Sun Yi and Ye Biao abstaining from voting. The meeting also approved revisions to the forecast for guarantees to subsidiaries.

Concurrently, the company announced the resignation of director Chen Xuexin due to governance restructuring. Subsequently, Xu Chen was elected as a worker representative director and appointed as a member of the audit committee during the sixth board of directors' twenty-first meeting on the same day. The audit committee now includes Zhang Taoyong (convener), Xu Chen, and Huang Jifa.