Iflytek updates capital, governance documents amid regulatory changes

Iflytek’s registered capital is increasing from RMB 2,311,692,581 to RMB 2,311,847,493 due to the exercise of 154,912 stock options. This change necessitates amendments to the company’s articles of association. Additionally, the articles of association are being revised to comply with the "Company Law of the People's Republic of China (2023 Revision)" and the "Guidelines for Articles of Association of Listed Companies (2025 Revision)," specifically regarding the dissolution of the supervisory board by January 1, 2026.

These changes are part of a broader update to corporate governance, including revisions to the rules governing shareholder meetings, board meetings, independent director systems, and compensation for directors, supervisors, and senior management. The company is also enhancing its external investment and financial assistance management policies to align with new regulatory requirements.

In a related move, Iflytek is canceling 167,252 stock options from its 2021 incentive plan, as 24 participants failed to exercise them within the stipulated period. This action is consistent with the company's established incentive plan and regulatory guidelines.