Do-Fluoride Chemicals overhauls governance, reshuffles board

Do-Fluoride Chemicals announced a comprehensive update to its corporate governance framework, including revisions to its Articles of Association and various governance policies. Key changes include the removal of the supervisory board, with its functions transferred to the audit committee, and the renaming of "shareholders' general meeting" to "shareholders' meeting." The company also detailed the formulation and revision of multiple governance documents, with some requiring shareholder approval, such as the shareholder meeting rules, board of directors' meeting rules, and independent director work system.

The company also announced the election of a new, eighth-term board of directors, comprising six non-independent directors (including one employee representative) and three independent directors. The new board's term will commence upon approval at the shareholders' meeting. Concurrently, Do-Fluoride Chemicals adjusted its 2025 daily related party transaction estimates and projected 2026 transactions, with a total estimated amount of CNY 186,833.00 for 2026. Additionally, the company is set to increase its guaranteed credit line for its subsidiary, Guangxi Ningfu New Energy Technology Co., Ltd., by an additional CNY 100,000.00, bringing the total to CNY 186,000.00.