HEC Technology to abolish supervisory board, boost audit committee powers

Guangdong HEC Technology Holding Co., Ltd. announced on October 28, 2025, that its board approved abolishing the supervisory board and amending the company's articles of association. These changes, pending shareholder approval, will transfer supervisory powers to the board's audit committee, streamlining the governance structure.

The proposed amendments involve extensive revisions to the articles of association, including removing the supervisory board's structure and all related clauses, as well as adding independent directors and specialized board committees. This overhaul also includes revisions to various company governance systems, such as the rules of procedure for shareholder meetings and board meetings, and the policy on independent directors.

Concurrently, the company released its third-quarter report for 2025, showing significant growth with a 34.21% increase in operating revenue, reaching 3,846,518,801.43 yuan, and a 240.41% rise in net profit attributable to shareholders, totaling 292,866,764.88 yuan. The board also confirmed a total outstanding external guarantee balance of 10,435,410,600 yuan as of September 30, 2025, representing 125.84% of the company's latest audited net assets.