Dongshan Precision overhauls board, bolsters ESG, eyes H-share listing

Suzhou Dongshan Precision Manufacturing Co., Ltd. (002384) held its 29th meeting of the sixth board of directors on November 3, 2025. All 11 directors were present and unanimously approved key resolutions, signaling a focus on enhanced corporate governance and preparation for an H-share listing in Hong Kong. The board approved renaming its Strategy Committee to the "Strategy and ESG Committee" and revising its work rules to integrate ESG (Environmental, Social and Governance) management. Concurrently, a new "Environmental, Social and Governance (ESG) Management System" was adopted to bolster sustainable development efforts.

The meeting also saw a significant restructuring of the board's specialized committees. Adjustments were made to the Audit Committee, Strategy and ESG Committee, Nomination Committee, and Remuneration and Assessment Committee, with new members appointed to each to ensure effective operations. These changes are effective immediately until the end of the current board term.

Furthermore, the board approved the formulation of the "Policy on Board Members and Employee Diversity (Draft) (Applicable after H-share Listing)" and the "Shareholder Communication Policy (Draft) (Applicable after H-share Listing)." These policies are crucial for standardizing operations, improving corporate governance, and meeting regulatory requirements as the company prepares to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange.