Tong Ren Tang Technologies Co. Ltd. Announces Abolition of Supervisory Committee and Introduction of Employee Representative Directors
Reuters
Jul 17
Tong Ren Tang Technologies Co. Ltd. Announces Abolition of Supervisory Committee and Introduction of Employee Representative Directors
Tong Ren Tang Technologies Co. Ltd., a joint stock company incorporated in the People's Republic of China, has announced a significant corporate reorganization. The company's Board of Directors has resolved to propose amendments to its Articles of Association, which include the abolition of the Supervisory Committee and Supervisors and the establishment of employee representative directors. These changes, along with proposed amendments to the rules of procedures for general and board meetings, are subject to shareholder approval at an upcoming extraordinary general meeting. The reorganization aligns with recent legislative changes in China and adjustments to the Hong Kong Listing Rules. A detailed circular outlining the proposed amendments will be dispatched to shareholders.
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