Dahu Aquaculture overhauls governance, completes share repurchase

Dahu Aquaculture is undertaking a major corporate governance overhaul, eliminating its board of supervisors and transferring its functions to the board of directors' audit committee. This change necessitates the repeal of the "Rules of Procedure for the Company's Supervisory Meetings" and extensive revisions to the "Articles of Association," which will be submitted for shareholder approval at an extraordinary general meeting on September 29, 2025.

Concurrently, the company's controlling shareholder, Tibet Hongshan Technology Development Co., Ltd., has completed its share repurchase plan. Between January 20 and September 12, 2025, Tibet Hongshan acquired shares totaling 150,020,233.84 yuan, including interest, via centralized bidding on the Shanghai Stock Exchange. This increased its stake from 21.7421% to 28.0949%, successfully completing the share repurchase. Additionally, Guo Zhiqiang has resigned as a non-independent director and committee member, transitioning to a worker representative director role on the board and its committees.