Shenzhen Airport overhauls governance to boost operational efficiency

Shenzhen Airport Co., Ltd. (SZSE:000089) announced comprehensive revisions to its Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules. These changes were approved at the eighth board of directors’ fifteenth extraordinary meeting and eighth board of supervisors’ tenth extraordinary meeting on November 4, 2025. Set for shareholder approval, these updates aim to standardize company operations and improve internal governance, aligning with the "Company Law of the People's Republic of China (2023 Revision)" and "Guidelines for Articles of Association of Listed Companies (2025 Revision)."

Key changes include formalizing the role of the company’s Party Committee in major operational decisions, emphasizing political construction, and ensuring compliance with Party principles. The revised Articles also detail the composition and responsibilities of the board of directors, independent directors, and specialized committees. Notably, the Audit and Risk Management Committee will now exercise the functions of the board of supervisors, enhancing oversight.

The amendments also refine procedures for shareholder meetings, including voting mechanisms and proposal submissions, to protect shareholder interests. Financial thresholds for major transactions requiring shareholder or board approval have been adjusted. These comprehensive revisions reflect Shenzhen Airport's commitment to modern corporate governance, operational compliance, and sustainable development.