Jiawei renewable energy overhauls governance, eliminates supervisory board

Jiawei Renewable Energy Co., Ltd. held its sixth board of directors fourth meeting on November 24, 2025, to approve comprehensive revisions to its articles of association and various corporate governance systems. Key changes include the elimination of the supervisory board, with its duties now transferred to the board of directors' audit committee. The revised articles of association also update regulations concerning the appointment and remuneration of directors and senior management, the company's financial accounting, profit distribution, and auditing procedures.

The company updated 25 existing governance policies, formulated five new ones, and abolished six. Notably, the revision of the "Independent Directors Work System" and the formulation of the "Entrusted Financial Management System" were approved, while the "Cumulative Voting System" and "Profit Distribution Management System" were abolished. These changes aim to align the company with the latest legal and regulatory requirements, including the "Company Law" and "Listing Rules of the Shenzhen Stock Exchange."

The board also approved the convening of the second interim shareholders' meeting for 2025 on December 11, 2025, to seek shareholder approval for the revised articles of association and other key proposals, including the re-appointment of the company's 2025 audit firm. The meeting will utilize both on-site voting and online proxy voting to facilitate shareholder participation.