China Greatwall Technology updates articles, focuses on computing and military

China Greatwall Technology Group Co., Ltd. has updated its articles of association, effective October 2025, following shareholder approval at an extraordinary general meeting. The company, established on April 30, 1997, and listed on the Shenzhen Stock Exchange on June 26, 1997, has a registered capital of RMB 3,225,799,088.00. It will strategically focus on developing independent intelligent computing and military industries. This includes advancing core technologies in servers, computing chips, and computing networks, aiming to be a key force in national cybersecurity and informatization.

The updated articles detail significant changes in corporate governance, including the establishment of a Communist Party of China organization within the company to guide its operations, and revised regulations for the board of directors, independent directors, and senior management. Key operational directives involve strengthening legal compliance, risk management, and internal control systems. The company also emphasizes its commitment to sustainable and stable profit distribution, with a focus on cash dividends, aiming for at least 10% of distributable profits annually, and no less than 30% over three years.

Furthermore, the updated articles address procedures for capital increases, reductions, mergers, and dissolutions, ensuring compliance with relevant laws and regulations. Specific provisions are also included for military-related matters, such as accepting state military orders, ensuring information security, and managing military-related equipment.