Dahua Technology to revise governance, increase share capital

Zhejiang Dahua Technology will convene its first extraordinary general meeting for 2025 on November 28 to approve significant revisions to its Articles of Association and governance policies. Proposed changes include eliminating the supervisory board, transferring its functions to the board's audit committee, and adding an employee representative director to the board. These revisions aim to align with the latest Company Law and enhance corporate governance.

The company's registered capital is set to increase from 3,274,039,542 yuan to 3,286,755,574 yuan, and its total share capital will also increase by 12,716,032 shares due to the second exercise period of its 2022 equity incentive plan, which concluded on July 10, 2025. Shareholder approval is required for this change and for the updated governance documents.

Shareholders will also vote on a proposal to purchase directors' and officers' liability insurance, with a maximum annual premium of 1,000,000 yuan and a cumulative compensation limit of 200,000,000 yuan. Additionally, the meeting will address the 2025 third-quarter profit distribution plan and other key operational policy adjustments.