Chaozhou Three-Circle group reports strong Q3 growth, approves governance changes

Chaozhou Three-Circle Group announced board resolutions from its fifteenth meeting, including the approval of the 2025 third-quarter report. The board also voted to amend the company's articles of association and its appendices, which will eliminate the supervisory board and transfer its responsibilities to the board's audit committee. Existing supervisory board members will be relieved of their duties upon shareholder approval of these changes.

Additionally, the board approved revisions to the company's corporate governance system, renaming the "Management System for Shares Held by Directors, Supervisors, and Senior Management and Their Changes" to "Management System for Shares Held by Directors and Senior Management and Their Changes." Financial results for Q3 2025 show a 20.79% increase in operating revenue to 2,359,573,768.66 yuan and a 24.86% rise in net profit attributable to shareholders to 721,381,208.34 yuan. Basic earnings per share also increased by 23.33% to 0.37 yuan.

The supervisory board, at its eleventh meeting, reviewed and approved the 2025 third-quarter report, confirming the board's preparation and review procedures complied with regulations and that the report accurately reflects the company's financial status. The supervisory board also approved the amendments to the articles of association, noting the alignment with legal requirements and the transfer of its functions. Both the board and supervisory board resolutions require further shareholder approval for the governance changes.