Beijing Jingcheng Machinery Electric Company Limited (Stock Code: 0187) convened a board meeting on 30 October 2025, approving a series of amendments to its Articles of Association, Rules of Procedure of the General Meeting of Shareholders, and Rules of Procedure for the Board of Directors. It was also proposed that the supervisory committee be abolished, with its duties to be assumed by the audit committee of the board of directors.

According to the announcement, the amendments aim to align corporate governance practices with revised PRC Company Law, updated listing regulations of the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited, and revised guidelines for articles of association. The amendments include removing supervisory committee–related provisions, transferring its authority to the audit committee, clarifying the rights and obligations of controlling shareholders and beneficial owners, refining directors’ and senior officers’ obligations of diligence, and standardizing voting procedures at shareholders’ general meetings.

Subject to approval at a forthcoming general meeting, the amendments will formalize the shift from a supervisory committee structure to an audit committee–led supervisory framework. Once passed, the current supervisory committee and its members will cease to hold their positions, with the existing supervisory policies repealed. Additional changes focus on strengthening internal auditing, financial disclosures, and independent non-executive director responsibilities.

Beijing Jingcheng Machinery Electric (0187) will circulate details of these proposed changes for shareholder consideration at the upcoming general meeting. The board reiterated that the initiative is intended to improve oversight, transparency, and alignment with prevailing governance regulations.