Wonders Information overhauls governance, redirects idle funds

Wonders Information is proposing a comprehensive revision of its Articles of Association, aligning with updated company and securities laws. A key change involves eliminating the Supervisory Board, with its functions to be absorbed by the Board's Audit Committee. This restructuring aims to streamline corporate governance, enhancing efficiency and meeting regulatory requirements. The proposed changes also detail adjustments to the company's business scope and operational strategy.

Concurrently, the company announced its intention to temporarily supplement working capital with idle funds from a 2021 private stock offering. Up to CNY 350,000,000 of these funds will be used for a maximum of 12 months to improve capital efficiency and reduce financial costs. The board approved this, noting it aligns with operational needs and does not affect ongoing investment projects.

These proposals, including governance revisions and the capital management plan, will be presented for shareholder approval at the Fourth Extraordinary General Meeting on December 2, 2025. The company emphasizes these actions comply with relevant laws and regulations, ensuring transparency and protection of shareholder interests.