TCL Technology to expand board, add employee director

TCL Technology Group Corp. announced amendments to its Articles of Association, effective October 2025, which introduce notable changes to its board structure. The revisions include the establishment of an employee-representative director position, a role to be filled by the company’s employees through a democratic election process, without requiring shareholder approval. This new director will serve a three-year term, mirroring the tenure of other non-employee directors.

Concurrently, the company has expanded its board, increasing the potential number of directors from the previous range of 9-11 to 9-15. This expansion aims to enhance governance and potentially accommodate broader representation. The amendments also clarify that non-employee directors can be removed by shareholders, with the removal taking effect on the date of the resolution.

These changes, approved by the board, are subject to a special resolution by shareholders. The existing provisions regarding the appointment of a chairman and vice-chairman remain in effect, allowing the chairman to designate executive or non-executive roles based on individual circumstances, with executive directors generally expected to serve full-time.