Tianjin Guangyu board approves governance framework, strategic initiatives

Tianjin Guangyu Development Co., Ltd. held its eleventh board of directors’ twenty-third meeting on December 18, 2025. All nine directors attended the meeting, which was presided over by chairman Zhou Xiankun. The board unanimously approved three key proposals, with all resolutions passing with nine votes in favour, zero votes against, and zero abstentions.

The first resolution involved the approval of "Revising the <Decision-Making Authority List for Major Matters>," indicating an update to the company's internal governance framework. Following this, the board also passed "Progress Report on Reform Deepening and Improvement Actions," which had been previously reviewed by the board's Strategy and ESG Committee.

Finally, the directors approved the "Forecast and Assessment of Major Operating Risks for the Year 2026," a critical step in the company's forward-looking risk management, which had also undergone prior review by the board's Audit Committee. The unanimous approvals underscore the board's alignment on governance, strategic direction, and proactive risk assessment.