Olympic Circuit to boost capital, abolish supervisory board

Olympic Circuit Technology announced a series of significant corporate changes, including an increase in its registered capital to 720,592,317 yuan. This adjustment reflects the exercise of stock options from the 2021 incentive plan, with the total share capital now standing at 720,592,317 shares.

The company also plans to abolish its supervisory board, transferring its responsibilities to the board of directors' audit committee. This move aims to enhance corporate governance and protect investor rights in line with recent legal and regulatory changes.

These proposals, along with the company's Q3 2025 report and interim profit distribution plan, received unanimous approval from the board of directors and the supervisory board. The proposed changes require shareholder approval at an upcoming extraordinary general meeting.