WUS Printed Circuit Kunshan plans H-share listing, appoints auditor

WUS Printed Circuit Kunshan (WUS) has announced plans to list H-shares on the Main Board of the Hong Kong Stock Exchange. In preparation, WUS is proposing the appointment of PricewaterhouseCoopers as its auditing firm for the H-share issuance and listing. This decision requires approval at the first extraordinary general meeting of 2025.

The board also approved revisions to the company's articles of association and related governance documents to align with H-share listing requirements. These amendments, which also include changes to the registered capital and the removal of the supervisory board, will take effect upon the H-share listing. Additionally, WUS is adjusting its strategic committee and increasing its board members to optimize governance ahead of the listing.

The company will also adjust its 2025 related-party transaction forecasts with Schweizer Electronic AG and its affiliates, reflecting anticipated changes in customer demand. The total projected amount of these transactions is expected to increase from not exceeding CNY 66,942m to not exceeding CNY 87,342m.