Chuanyi Automation Update: Capital Changes, New Auditor Announced

Chongqing Chuanyi Automation announced a reduction in its registered capital from RMB 513,246,484 to RMB 513,173,176, following share buybacks and equity incentive cancellations in June and September 2025. The company also expanded its business scope to include "inspection and testing services" and is revising its Articles of Association to remove the "supervisory board" structure, aligning with updated corporate governance requirements. These changes will be discussed at an extraordinary general meeting on December 24, 2025.

Additionally, the company is changing its auditing firm for the 2025 fiscal year, proposing to appoint Shinewing Certified Public Accountants (Special General Partnership) as its financial and internal control auditor, replacing Zhong Shen Zhong Huan Certified Public Accountants (Special General Partnership). The proposed audit fees are RMB 2,000,000. These changes were approved by the board of directors on December 8, 2025, and are pending shareholder approval.

The company's second restricted stock unlocking period for its 2022 equity incentive plan has met its conditions, allowing 517 eligible beneficiaries to unfreeze 1,538,607 shares, representing 0.30% of the total share capital.