East Money Information restructures governance, board to enhance oversight

East Money Information is revising its corporate governance structure, including amendments to its articles of association, administrative measures for raised funds, and several other internal policies. The company's board of directors will now consist of six members: three non-independent directors, one employee representative director, and two independent directors. The supervisory board and its related regulations will be abolished, with the board of directors' audit committee assuming its responsibilities.

The board of directors approved the nomination of Mr. Shi Ran and Ms. Huang Jianhai as non-independent director candidates, and Mr. Li Zhiping and Ms. Zhu Zhenmei as independent director candidates for the seventh board. These nominations are subject to shareholder approval. Changes in the administrative measures for raised funds aim to enhance compliance, ensuring raised funds are used transparently and for their stated purposes, while strengthening oversight over related-party transactions and external guarantees.

The company's articles of association will be updated to reflect these changes, alongside revisions to the rules of procedure for the general meeting of shareholders and the board of directors, and the management systems for external investments, related-party transactions, external guarantees, and internal control. These updates aim to align the company with new regulatory requirements and improve overall operational efficiency and investor protection.