Silan Microelectronics board approves governance updates, 2026 related-party transactions

Hangzhou Silan Microelectronics held the sixth meeting of its ninth board of directors on December 12, 2025, approving several key resolutions. The board agreed to revise the "Rules of Procedure for the Board of Directors' Strategy and Investment Committee," "General Manager Work Rules," and "Management System for Raised Funds." Additionally, a new "Internal Audit Management System" was adopted, replacing the previous "Internal Control Supervision and Inspection Implementation Rules." These governance updates aim to enhance the company's operational efficiency and risk management.

The board also approved revisions to the "Related Party Transaction Management System" and "Major Business and Investment Decision-Making Management System." These specific revisions, along with the "Related Party Transactions with Youwang Electronics" and "Related Party Transactions with Silan Jike" for January-June 2026, will be submitted for approval at the upcoming 2025 Fourth Extraordinary General Meeting. These transactions are estimated to exceed 50 million yuan.

To facilitate shareholder participation, Hangzhou Silan Microelectronics will hold its 2025 Fourth Extraordinary General Meeting on December 30, 2025, at 14:00. Shareholders can vote either in person or via the Shanghai Stock Exchange's online voting system. The agenda includes all the board-approved resolutions, signifying a comprehensive update to the company’s operational and governance policies.