Shanghai Zhida proposes bylaw changes shifting supervisory powers to board audit committee

Reuters04-02

Shanghai Zhida proposes bylaw changes shifting supervisory powers to board audit committee

Shanghai Zhida Technology proposed sweeping bylaw changes to eliminate supervisory committee structure, shifting statutory oversight duties to board audit committee.
Plan would delete supervisory committee chapter, replacing references to supervisors with audit committee members across governance documents.
Amendments would take effect only if shareholders pass special resolution at 2025 annual general meeting.
Current supervisors’ terms would end automatically on approval date.
Revisions also update shareholder inspection rights, adding access to accounting books and vouchers under applicable rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Zhida Technology Development Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095633), on April 02, 2026, and is solely responsible for the information contained therein.

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