Yu Yuan Co., Ltd. Proposes to Purchase Liability Insurance for Directors, Supervisors, and Senior Management with Annual Premium of 420,000 Yuan and Maximum Coverage of 150 Million Yuan

MaticHoleFiller · 2026-03-24T10:33:50+00:00

Yu Yuan Co., Ltd. held a board meeting on March 23, deciding to purchase liability insurance for all directors and senior management personnel. The insurance amount is estimated at 100 million to 150 million yuan, with an annual premium of 420,000 yuan, aimed at improving governance structure and reducing management team operational risks. The proposal requires approval by the shareholders' meeting before implementation.

MaticHoleFiller

2026-03-24 10:33:50

Abstract generation in progress

Shanghai Yuyuan Tourism Mall (Group) Co., Ltd. (Stock Code: 600655, hereinafter referred to as “Yuyuan Shares”) held the second meeting of the 12th Board of Directors on March 23, during which it approved the proposal for the company to purchase liability insurance for its directors and senior management. According to the announcement, the company plans to insure all directors and senior management to further improve corporate governance and ensure the safety of management’s duties.

The announcement shows that the main contents of this director and senior management liability insurance plan are as follows:

Item	Details
Insurer	Shanghai Yuyuan Tourism Mall (Group) Co., Ltd.
Insured	All directors and senior management of the company
Liability limit	Estimated between 100 million to 150 million RMB annually
Total insurance premium	Approximately 420,000 RMB per year
Insurance period	Up to 3 years

The company’s board of directors proposes to request shareholders’ authorization for the board to handle the specific insurance matters, including but not limited to determining responsible personnel, selecting the insurance company, setting coverage amounts and terms, signing related documents, and handling renewal procedures. This proposal is subject to approval by the company’s shareholders’ meeting before implementation.

Yuyuan Shares stated that this purchase of director liability insurance is arranged in accordance with the “Code of Corporate Governance for Listed Companies” and other relevant regulations. The purpose is to reduce the risks faced by directors and senior management in their duties, protect the legitimate rights and interests of the company and management, and promote the improvement of corporate governance.

Click to view the original announcement >>

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