Wolong Electric Group Co Ltd Announces New Internal Policies
On July 13, 2025, Wolong Electric Group Co Ltd, a prominent Chinese industrial company listed on the Shanghai Stock Exchange, announced a series of new internal policies aimed at strengthening its corporate governance and operational efficiency. The company, known for manufacturing mini electric machinery, micro motors, and power-driven vehicles, has been proactive in updating its internal frameworks to align with industry best practices.
Key Announcements:
Internal Audit Work System: Wolong Electric has introduced a new internal audit work system to enhance its financial oversight and compliance mechanisms. This system is designed to ensure transparency and accountability within the company’s operations.
Temporary Board of Directors Resolution: The company’s ninth temporary board meeting resulted in several key resolutions, reflecting its commitment to strategic decision-making and governance.
Employee Director Election Announcement: Wolong Electric has announced its plans to elect employee directors, a move aimed at fostering greater inclusivity and representation within its corporate structure.
Major Information Internal Reporting System: A new system for internal reporting of major information has been established to streamline communication and ensure timely dissemination of critical data across the organization.
Subsidiary Management System: The company has updated its subsidiary management system to improve oversight and coordination among its various business units.
Investor Relations Management System: Wolong Electric has introduced a new investor relations management system to enhance communication with shareholders and stakeholders, ensuring transparency and responsiveness.
Information Disclosure Suspension and Exemption Management: A new policy on information disclosure suspension and exemption has been implemented to manage the flow of information in compliance with regulatory requirements.
Internal Control Management System: The company has strengthened its internal control management system to mitigate risks and enhance operational integrity.
Information Disclosure Affairs Management System: Wolong Electric has updated its information disclosure affairs management system to ensure compliance with disclosure regulations and maintain investor confidence.
Independent Director Annual Report Work System: A new work system for independent director annual reports has been established to enhance the accountability and performance evaluation of independent directors.
Independent Director Special Meeting Work System: The company has introduced a work system for independent director special meetings to facilitate focused discussions on critical governance issues.
Board of Directors Nomination Committee Work Details: Detailed procedures for the board of directors nomination committee have been outlined to ensure a transparent and merit-based nomination process.
Director and Senior Management Shareholding and Variation Management System: A new system for managing director and senior management shareholding and variations has been implemented to align their interests with those of the shareholders.
Board of Directors Compensation and Evaluation Committee Work Details: Detailed procedures for the board of directors compensation and evaluation committee have been established to ensure fair and performance-based compensation practices.
Board of Directors Secretary Work System: A new work system for the board of directors secretary has been introduced to enhance the efficiency and effectiveness of board operations.
These initiatives reflect Wolong Electric Group Co Ltd’s commitment to robust corporate governance and operational excellence. As the company continues to expand its product offerings and market presence, these internal policies are expected to play a crucial role in sustaining its growth and maintaining investor confidence.