Dongfeng Motor Group Co (HK:0489) has released an update.
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Dongfeng Motor Group Co is planning significant changes to its corporate structure by amending its articles of association, including introducing employee representative directors and eliminating the Supervisory Committee. These amendments align with recent regulatory changes in China and aim to streamline the company’s governance while maintaining shareholder protections. Additionally, the company proposes the appointment of Liu Yanhong as a new non-executive director to bring her extensive experience in public administration to the board.
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