Guolian Aquatic updates governance, reappoints auditor amid Q3 loss

Zhanjiang Guolian Aquatic Products approved a comprehensive overhaul of its governance structure and internal policies in October 2025. These changes include revisions to the company's articles of association and the introduction or modification of 33 internal management systems covering areas such as profit distribution, fundraising, external investments, and internal control. Notably, the company plans to eliminate the supervisory board, transferring its responsibilities to the audit committee of the board of directors. Shareholders will vote on these changes at the upcoming third extraordinary general meeting on November 14, 2025.

In conjunction with the governance updates, the board also approved the re-appointment of Zhong Audit Zhonghuan Certified Public Accountants as its auditor for 2025. The auditing fee is set at yuan 2.98 million, with yuan 2.5 million allocated for financial report auditing and yuan 0.48 million for internal control auditing. The audit committee and independent directors endorsed the auditor's qualifications, with the re-appointment also subject to shareholder approval at the November 14 general meeting.

The company's financial performance for the third quarter of 2025 showed operating revenue of yuan 931,483,932.03 and a net loss attributable to shareholders of yuan 259,479,953.31. Year-to-date, the net loss reached yuan 799,817,229.78. These financial results were part of the third-quarter report, reviewed and approved by the supervisory board before its scheduled dissolution.