Sanhua intelligent controls updates governance, revises articles of association

Zhejiang Sanhua Intelligent Controls, a company dual-listed on the Shenzhen and Hong Kong stock exchanges, has revised its Articles of Association, replacing "shareholder general meeting" with "shareholder meeting" and delegating certain supervisory board functions to the audit committee. These changes, approved by the board on October 31, 2025, aim to align with the latest regulatory requirements and enhance governance efficiency. The revised Articles of Association and six related policies, including those governing related-party transactions, fundraising, and external guarantees, await shareholder approval.

The company has also introduced new management systems for external investments, risk investments, internal audits, and information disclosure. Concurrently, 26 existing policies have been updated to reflect the new regulatory landscape and internal operational adjustments. These include the management system for shares held by directors and senior management, the major information internal reporting system, and the information disclosure affairs management system. The extensive revisions are designed to strengthen internal controls, improve operational efficiency, and better protect investor interests.