Jiangling Motors revises articles for stronger governance

Jiangling Motors is set to amend its articles of association, following the China Securities Regulatory Commission's 2025 guidelines. These revisions aim to refine corporate governance, streamline operations, and comply with the latest legal and regulatory mandates. The proposed changes will be effective upon shareholder approval.

Key amendments include adjusting the board of directors from nine to eleven members, introducing an additional independent director and an employee representative director. The company will also adopt new terminology for shareholder meetings, moving from "Shareholder General Meeting" to "Shareholder Meeting," and updating various procedural and structural definitions to align with current regulations.

Further changes encompass detailed provisions on related-party transactions, the role of independent directors, and the establishment of specialized committees for audit, strategy, and remuneration. The company will also adjust thresholds for significant transactions and external guarantees, ensuring more stringent oversight and adherence to updated legal frameworks.