Beijing Hualian bolsters board with new appointments, amends governance rules

Beijing Hualian Department Store convened its 17th board meeting, where it approved the election of Wang Weinan as a member of the ninth session of the board of directors' audit committee, and Zhao Taisheng as a member of the strategic committee. These appointments follow the resignation of Ma Zuoguang from his director, audit committee, and strategic committee roles due to a work adjustment. Ma held 1,200,000 shares at the time of his resignation.

The company's second extraordinary general meeting, held on December 25, 2025, approved several key proposals, including amendments to the company's articles of association and governance rules. Specifically, the resolution to increase the number of employee directors and amend the articles of association was passed as a special resolution. The meeting also approved revisions to the "Rules of Procedure for Shareholder Meetings," "Rules of Procedure for Board Meetings," and "Independent Director Work System."

The meetings were conducted both in person and via online voting, ensuring broad participation. The decisions underscore the company's ongoing commitment to strengthening its corporate governance structure.