Sangfor Technologies extends project timeline, amends company articles

Sangfor Technologies Co., Ltd. announced on September 24, 2025, the adjustment of the implementation period for its "Software-Defined IT Infrastructure Project," extending its completion to June 2026. This decision, approved by the Board of Directors and Supervisory Board, stems from evolving market conditions, technological advancements, and shifting customer demands, ensuring the efficient use of raised capital totaling CNY 1,205,719,833.62.

Concurrently, the company proposes revisions to its Articles of Association to reflect an increase in registered capital from CNY 419,970,744 to CNY 421,883,707 due to the issuance of new shares and convertible bond conversions. These amendments also update governance structures, including changes related to the Board of Directors, Supervisory Board (renamed Audit Committee), and senior management.

These proposed changes will be submitted for shareholder approval at the first extraordinary general meeting of 2025, scheduled for November 4, 2025. The company emphasizes that these adjustments do not alter the investment scope or purpose of the raised capital, nor do they negatively impact shareholder interests.