Shiyuan reports minor non-operating fund usages, plans overseas expansion

Guangzhou Shiyuan Electronic Technology (SZSE:002841) detailed in its 2024 filings minor transactions for non-operating fund usage alongside plans for overseas expansion. The review found no material anomalies. Related to the announcement, is the company's decision to pursue a listing of H shares on the Hong Kong Stock Exchange, which has yet to be approved by shareholders and regulators, and would need to be resubmitted to a vote before year end 2025. The company's board has approved a capital expenditure of up to CNY30B from existing resources which also supports further expansion, research & development and other initiatives. This builds on its existing global presence across Europe, Asia and the Americas. The company is audited by BDO.