Suntak Technology unveils shareholder return plan, updates governance documents

Suntak Technology announced its 2025-2027 shareholder return plan, prioritizing cash dividends of at least 20% of annual distributable profits, provided operational needs are met and no adverse changes occur. The plan outlines varying cash dividend ratios (80%, 40%, 20%) based on the company's development stage and capital expenditure needs. Shareholder and board approvals are required for all dividend distributions, with specific thresholds triggering broader review.

Concurrently, the company updated several key governance documents, including the "External Investment Management System," "External Guarantee Management System," "Related Party Transaction Management System," and "Management System for Preventing Occupation of Company Funds by Controlling Shareholders and Related Parties." Other updates include the "Management System for Shareholding and Changes of Directors and Senior Management," "Remuneration Management System for Directors and Senior Management," "Shareholder Meeting Rules," "Board Audit Committee Rules," and "Insider Information Registrant Management System." These updates, many effective from October 2025, reflect the company's commitment to robust internal controls and regulatory compliance.

These revised internal documents detail stricter approval processes for significant transactions, outline responsibilities for preventing misuse of company funds, define procedures for managing insider information, and update remuneration guidelines for directors and senior management, all aimed at enhancing corporate governance and protecting shareholder interests.