Guangzhou Shiyuan updates governance, appoints new director ahead of potential H-share listing

Guangzhou Shiyuan Electronic Technology's first extraordinary general meeting of shareholders for 2025, held on September 19, 2025, approved a series of revisions to its corporate governance framework. Shareholders assented to updates to the company's articles of association, shareholder meeting rules, and board of directors meeting rules. These changes also included new and revised governance policies, such as the independent directors work rules, related party transaction management system, and external investment management system. Crucially, the meeting also ratified amendments to the company's articles of association (draft) and related procedural rules (draft) applicable after a potential H-share listing.

Concurrently, an employee representative meeting on September 19, 2025, elected Mr. Yang Ming as an employee representative director for the fifth session of the board. Mr. Yang, born in 1986, holds a Ph.D. in Computer Science and currently serves as the company's chief technology officer (CTO) and a director. He directly holds 32,250 shares and an additional 100,000 shares through the 2024 employee stock ownership plan. The combined number of directors serving as senior management and employee representatives will not exceed half of the total board members, in compliance with legal requirements.