USI to hold meeting for governance changes, increased hedging

Universal Scientific Industrial (Shanghai) Co., Ltd. (USI) announced its first extraordinary general meeting of shareholders for September 12, 2025. Key agenda items include increasing the financial derivatives transaction quota and extending the authorization period, as well as revisions to the company's articles of association and related rules, including the abolition of the supervisory board.

The proposed financial derivatives transaction quota will be increased from $1 billion to $1.9 billion to manage foreign exchange fluctuations, with the authorization period extended to April 30, 2026. This reflects an increased need for foreign exchange hedging due to the company's expanding global operations.

Furthermore, USI plans to amend its articles of association, replacing the supervisory board's functions with the board's audit committee. Other significant changes include adjusting the shareholding threshold for shareholder proposals from 3% to 1% and establishing a labor representative director position on the board. These changes aim to enhance corporate governance and protect the interests of all shareholders.