Yuyue Medical expands business, updates governance in articles of association overhaul

Jiangsu Yuyue Medical Equipment & Supply (stock code: 002223) announced on November 5, 2025, a significant update to its business scope and articles of association. The company will expand its operations to include "inspection and testing services, special equipment installation, modification and repair, cosmetics wholesale, and cosmetics retail" to meet operational needs. This expansion, along with a comprehensive overhaul of its corporate governance structure, aligns with the latest revisions to the "Company Law of the People's Republic of China" and the "Shenzhen Stock Exchange Listing Rules (2025 Revision)."

Key amendments to the articles of association include adjusting the corporate governance framework, with the board's audit committee now exercising the functions of the supervisory board. The company's legal representative will be a director responsible for executing company affairs, and the chairman will serve in this capacity. These changes aim to improve governance, operational efficiency, and legal compliance. The board of directors also passed various internal governance resolutions, including revisions to rules for shareholder meetings, board meetings, independent director systems, and specific committee charters.

These proposed amendments, including the business scope expansion and various internal governance revisions, are pending approval at the company's second extraordinary general meeting in 2025. The board has also requested authorization for management to handle the necessary registration procedures with market supervision authorities.