Zhuzhou Hongda Electronics boosts related-party purchases, expands business scope

Zhuzhou Hongda Electronics announced resolutions from its board meeting on October 14, 2025. Key approvals include revising the company’s articles of association and expanding its business scope. This expansion will now encompass a wider range of activities such as electronic components manufacturing, wholesale, retail, and various related services, including design, sales, and supply chain management for integrated circuits and optoelectronic devices. The company aims to adapt to evolving operational needs and industry advancements.

Additionally, the board approved an increase in the projected daily related-party transactions for 2025. The company and its subsidiaries are authorized to procure an additional 2,500m yuan in goods from Hunan Xiangdong Chemical Machinery Co., Ltd. and its subsidiaries. This brings the total daily related-party transaction limit for sales and services with Xiangdong Machinery and its subsidiaries to 3,200m yuan for 2025. Independent directors have reviewed these transactions and expressed their approval.

These resolutions will be presented for shareholder approval at the Second Extraordinary General Meeting of Shareholders for 2025, scheduled for October 30, 2025. This meeting will be held both in-person and via online voting, with the equity registration date set for October 27, 2025.