Hopewind Electric restructures governance, executives adjust holdings

Shenzhen Hopewind Electric Co., Ltd. (Hopewind Electric) announced that its board of directors and supervisory board approved the abolishment of the supervisory board and amendments to the articles of association and other governance policies on November 11, 2025. The supervisory board's functions will be transferred to the board's audit committee. This restructuring necessitates revisions to 28 governance documents, including the shareholders' meeting rules and the independent directors' work system, with some requiring shareholder approval.

Concurrently, several senior executives adjusted their shareholdings. As of November 10, 2025, vice general manager Wang Yan reduced his holdings by 786,500 shares, resulting in a 0.5382% stake. Vice general manager and chief technology officer Zhou Dang-sheng sold 1,006,800 shares, reducing his ownership to 0.7544%. Vice general manager and chief operating officer Xiao An-bo sold 946,000 shares, bringing his stake to 0.6199%, completing his planned reduction. Vice general manager and chief financial officer Chen Wen-feng sold 55,000 shares, resulting in a 0.0362% stake, also completing his planned reduction. The company will hold an extraordinary general meeting on November 28, 2025, to approve these changes.