Datang Telecom to overhaul governance, abolish supervisory board

Datang Telecom Technology Co., Ltd. announced on September 18, 2025, that it will abolish its supervisory board and establish employee directors, in compliance with the new company law and recent China Securities Regulatory Commission guidelines. This strategic move aims to update the company’s organizational structure and governance framework.

Revisions to the "Articles of Association" include changing "Shareholders' General Meeting" to "Shareholders' Meeting" and "Supervisory Board" to "Audit Committee" or deleting it, with "Supervisor" being removed. These changes are subject to approval by the company's shareholders' meeting and registration with the industry and commerce administration.

Additionally, nine other governance systems, including the "Shareholders' Meeting Rules of Procedure," "Board of Directors' Rules of Procedure," and "Related Party Transaction Management Measures," will be revised. Six of these still require approval from the shareholders' meeting.