Huada Automotive proposes governance changes, new name

Huada Automotive Technology Corp. has announced its second extraordinary general meeting of shareholders for 2025, scheduled for November 18, 2025, to deliberate on several key proposals. A major agenda item is the proposed abolition of the supervisory board, with its duties to be transferred to the board's audit committee. This will also involve the repeal of the "Supervisory Board Rules of Procedure" and revisions to the "Articles of Association" to reflect this change, including an increase in the board of directors from 11 to 12 members, with the addition of one employee director.

Additionally, the company is seeking to change its name to "Huada Automotive Technology Group Co., Ltd." to enhance brand image and market competitiveness, aligning with its strategic focus on both traditional fuel vehicles and new energy vehicle components. The proposed name change does not affect the company's stock code or current legal agreements. Shareholders will also vote on electing new non-independent and independent directors for the fifth board of directors.