Yuehai Feeds to revise governance, investment, and guarantee systems

Guangdong Yuehai Feeds has introduced a comprehensive "Management System for the Departure of Directors and Senior Management" to standardize executive transitions, effective upon board approval. This system details resignation procedures, conditions for duty termination, and post-departure obligations, ensuring continuity and legal compliance. Directors and senior managers are required to fulfill public commitments, declare shareholdings, and adhere to transfer restrictions post-departure, with specified liabilities for non-compliance or unauthorized resignations.

Concurrently, the company is revising its "External Guarantee Management System" and "External Investment Management System" to bolster financial security and risk control. The updated guarantee system mandates board or shareholder approval for all guarantees, particularly those exceeding certain asset or net asset thresholds, and requires anti-guarantees from beneficiaries. The investment system outlines a multi-tiered approval process for short-term and long-term investments, emphasizing risk assessment, due diligence, and financial oversight, with specific controls for securities investments.

These proposed governance enhancements, alongside a resolution to abolish the supervisory board and amend the company's articles of association, will be presented for shareholder approval at the fourth extraordinary general meeting on November 10, 2025. This meeting will allow shareholders to vote on critical updates impacting the company's operational and financial integrity.