DAHON TECH (SHENZHEN) CO., LTD. announced that its First Extraordinary General Meeting of 2026, held on 14 August 2026, approved a comprehensive revision of the company’s Articles of Association (AoA). Key highlights are as follows:
Capital Structure • Registered capital is set at RMB 32.79 million, represented by 32.79 million ordinary shares with a par value of RMB 1. • H Shares total 9.04 million, accounting for 27.57 % of outstanding ordinary shares; unlisted domestic shares stand at 23.75 million (72.43 %). • The AoA permits future capital increases through public or private share issues, bonus issues or reserve conversion, subject to shareholder approval.
Shareholder Rights and Meetings • Ordinary shareholders enjoy equal rights to dividends, voting and remaining‐asset distribution. • Annual general meetings must be convened within six months of each fiscal year-end, while extraordinary meetings are required within two months under specified triggers (e.g., uncovered losses ≥ one-third of paid-in capital or board size falling below statutory minimum). • Cumulative voting is mandated for director elections; connected shareholders must abstain on related-party transactions.
Corporate Governance • The board consists of seven directors, including three independent non-executive directors (INEDs)—one of whom must possess accounting or financial expertise and at least one ordinarily resident in Hong Kong. • The chairman is elected by the board; board meetings are held at least quarterly. • Four specialist committees—Audit, Nomination, Remuneration & Appraisal, and Strategy & ESG—operate under board authorisation. • Senior management comprises a general manager, deputy general managers, a finance head and a company secretary; each owes fiduciary and diligence duties broadly mirroring those of directors.
Profit Distribution and Financial Reporting • At least 10 % of annual after-tax profit must be allocated to statutory reserves until such reserves reach 50 % of registered capital. • Cash or share dividends, once approved by shareholders, must be distributed within two months. • Annual, interim and preliminary results must be prepared in accordance with PRC regulations and the Hong Kong Listing Rules, and audited by an independent firm appointed yearly by shareholders.
Share Transactions and Buybacks • Shares are freely transferable unless restricted by law. • The company may repurchase shares for capital reduction, employee incentive plans, bond conversions or safeguarding shareholder value; aggregate treasury holdings are capped at 10 % of issued shares and must be disposed of or cancelled within three years.
Dispute Resolution • Disputes involving H-shareholders, the company or its officers shall be resolved through arbitration at either the Shenzhen International Arbitration Court or the Hong Kong International Arbitration Centre.
Dissolution and Liquidation • Events triggering dissolution include expiry of operating term, shareholder resolution, insolvency, government revocation of licence or court order. • A liquidation committee must be formed within 15 days of a dissolution event to settle debts and distribute residual assets.
The revised AoA took effect immediately following shareholder approval and will govern DAHON TECH’s operations, governance processes and shareholder relations going forward.
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