Keli Sensing to cut capital, revamp governance, reappoint auditor

Keli Sensing Technology (Ningbo) will hold its first extraordinary general meeting of shareholders for 2025 on September 18 to address key corporate changes. Among the proposed resolutions, the company plans to adjust its registered capital following the repurchase and cancellation of 829,558 restricted shares. This action will reduce the total share count from 281,659,426 to 280,829,868, resulting in a corresponding decrease in registered capital from CNY 281,659,426 to CNY 280,829,868.

Furthermore, the company intends to abolish its Supervisory Board, with its functions to be absorbed by the Board of Directors' Audit Committee. This decision aligns with the new "Company Law" effective July 1, 2024, and related regulatory guidelines. Consequently, the company's Articles of Association and other relevant governance documents will be revised to reflect these structural changes.

The meeting will also seek approval for the re-appointment of Li Xin Certified Public Accountants (Special General Partnership) as the auditor for 2025. For the 2024 financial year, audit fees for financial reports and internal control totaled CNY 880,000, comprising CNY 680,000 for financial reports and CNY 200,000 for internal control. The Board of Directors proposes authorizing management to determine the 2025 audit fees based on workload and market rates.