Yanghe Brewery boosts governance, approves fund management rules

Jiangsu Yanghe Brewery Joint-Stock recently announced several key updates following its 2025 third extraordinary general meeting and the sixteenth meeting of the eighth board of directors. The company approved new "Measures for the Administration of Raised Funds" to ensure dedicated use of funds, improve efficiency, and protect investor interests, with provisions for special accounts and detailed disclosure requirements.

The extraordinary general meeting saw the approval of revisions to the "Company Charter," "Rules of Procedure for the General Meeting," "Rules of Procedure for the Board of Directors," "Independent Directors Work System," and the "Related Party Transaction Management System." Further updates included the "Measures for the Administration of Remuneration and Performance Appraisal for Management Team Members," and the "Selection System for Accounting Firms." These updates streamline operational frameworks and enhance transparency.

Additionally, the board approved a donation of CNY 15 million to the Suqian Charity Federation between 2025 and 2029 for rural revitalization and social governance. The board also elected members for its new ESG Committee, demonstrating a commitment to environmental, social, and governance principles.