Yuyue Medical approves profit plan, expands business, names new director

Jiangsu Yuyue Medical Equipment & Supply convened its second extraordinary general meeting of shareholders in 2025 on November 20, 2025, with all submitted proposals passing. Key approvals included the company's 2025 third-quarter profit distribution plan, an amendment to the company's articles of association to expand its business scope, and revisions to internal governance policies. These revisions covered shareholder meeting rules, board meeting rules, the independent director system, related party transaction decision-making, and the formulation of a compensation management system for directors and senior management. The meeting saw 57.1708% of total voting shares represented.

Coinciding with the meeting, Zheng Hongzhe resigned as director and strategic committee member due to a corporate governance restructuring, though he will continue as deputy general manager. The company's board will remain above the statutory minimum. Subsequently, Zhang Jinyan was elected as an employee representative director and a member of the Sixth Board of Directors' Strategic Committee, effective November 20, 2025.

Zhang Jinyan, born in 1981, holds a bachelor's degree from Xi'an Jiaotong University and has held various management roles within Jiangsu Yuyue Medical Equipment & Supply since 2015. She indirectly holds company shares through employee stock ownership plans from 2021 and 2023. Her appointment ensures the company continues to meet legal and regulatory requirements for board composition.