SGSG Technology elects new director, amends corporate rules and procedures

SGSG Technology held its second extraordinary general meeting of shareholders in 2025 on September 3, 2025, where shareholders approved several critical proposals. Mr. Cui Yunfeng was elected as a non-independent director of the fifth board of directors, with his term commencing immediately and lasting until the expiration of the current board's term. This appointment follows the board's nomination on August 18, 2025, and Mr. Cui's recent appointment as deputy general manager.

Shareholders also approved the reappointment of the company's auditing firm for 2025 and an update to the company's business scope and articles of association. Additionally, multiple revisions to the company’s internal management systems were passed, including updates to the rules of procedure for the general meeting and board of directors, the independent director work system, and regulations concerning fundraising and external guarantees.

The amendments ensure the company's governance and operational procedures remain current and compliant with legal and regulatory requirements. All resolutions were passed with strong shareholder support, including a special resolution regarding the increase in business scope and amendments to the articles of association, which received over two-thirds of the votes cast by shareholders present at the meeting.