H&T Intelligent Control announces share buyback, board election, and auditor retention

Shenzhen H&T Intelligent Control will repurchase and cancel 56,000 restricted shares from four former employees who no longer meet incentive conditions. The buyback price is CNY 7.5593 per share, totaling CNY 423,320.80, which will reduce the company's total share capital from 924,694,285 to 924,638,285 shares. The proposal awaits shareholder approval.

The company's Sixth Board of Directors' term is expiring, leading to the election of the Seventh Board. This board will comprise nine directors: five non-independent, one employee representative, and three independent directors. Candidates include Liu Jianwei, Qin Hongwu, Luo Shanhan, Liu Tong, Liang Guozhi, Sun Jinshan, Li Jun, and Lu Xiaoming, with Bai Qingli as the employee representative director. Independent director candidates will undergo SZSE approval.

Additionally, the company intends to re-appoint BDO China Shu Lun Pan Certified Public Accountants LLP as its financial auditor for 2025. The 2024 audit fee was CNY 1.5 million, with CNY 1.1 million for the annual report audit and CNY 400,000 for the internal control audit. The audit committee approved the reappointment, which is also subject to shareholder approval.