Raytron Technology overhauls governance, adjusts capital structure

Raytron Technology will abolish its supervisory board, with its functions transferred to the board's audit committee, effective upon shareholder approval. This change necessitates revisions to the company's Articles of Association and other related governance policies. These include a new "Employee Representative Director Election System" and "Management of Directors', Senior Management's Shareholdings Changes," alongside revisions to existing policies such as the "Shareholders' Meeting Rules" and "Board of Directors' Meeting Rules."

Concurrently, the company's registered capital will increase from 447,300,000 yuan to 460,237,692 yuan. This increase results from various restricted stock incentive plan grants and share conversions from its convertible bonds between May 2024 and August 2025. These capital adjustments reflect ongoing financial activities and adherence to regulatory requirements.

The revised Articles of Association, effective upon shareholder approval, incorporate these changes. The company plans to disclose the full text of the revised policies on the Shanghai Stock Exchange website.