Ke Hua Heng Sheng revises governance, transitions to new board

Ke Hua Heng Sheng's Ninth Board of Directors approved revisions to its Articles of Association and internal management systems. The changes include eliminating the Supervisory Board, transferring its functions to the Audit Committee, and increasing the Board's size from seven to eight directors, including one employee representative. These revisions aim to streamline corporate governance and enhance shareholder and employee interests, effective upon shareholder approval.

The Board also approved nominations for four non-independent and three independent directors for the tenth Board. The election will occur at an Extraordinary General Meeting on November 28, 2025, using a cumulative voting system. Key management policies covering related party transactions, external investments, fundraising, and internal audit were also updated to align with the new governance framework and improve operational efficiency.

The updated management systems reflect an ongoing commitment to regulatory compliance and robust internal controls. These comprehensive revisions reinforce the company's commitment to transparent and effective management.