Beyondsoft to revamp governance, elect new board

Beyondsoft Corporation's fifth board of directors approved several key governance changes. These include the election of the sixth board of directors, with three non-independent and three independent director candidates. Shareholders will vote on these appointments using a cumulative voting system. The board also proposed changes to director compensation, recommending an annual fixed allowance of 120,000 yuan (tax inclusive) for independent directors and non-independent directors not involved in internal operations, with other directors compensated based on company policy.

Crucially, the company plans extensive revisions to its Articles of Association, eliminating the Supervisory Board, with its functions transferred to the Board of Directors' Audit Committee. Various internal governance documents, including those related to independent director duties and external guarantees, will be updated or newly established to align with the revised Articles of Association and regulatory requirements. These proposals, including the election of directors and the amendments to the Articles of Association, will be submitted for approval at the first ad hoc General Meeting of Shareholders on December 19, 2025.