Shenzhen Kedali deregisters subsidiary to streamline operations, cut costs

Shenzhen Kedali Industry Co., Ltd. disclosed that its wholly-owned subsidiary, Xiamen Kodali Precision Industry Co., Ltd., has completed its industrial and commercial deregistration. This decision follows a board resolution passed on April 16, 2025, to optimize resource allocation and reduce management costs.

The related businesses of Xiamen Kodali will be integrated into the company’s other wholly-owned subsidiary, Fujian Kodali Precision Industry Co., Ltd., to streamline operations. The company stated this action aims to enhance its overall competitiveness and achieve long-term development goals, safeguarding the interests of both the listed company and its shareholders.

Further details regarding this deregistration were previously disclosed on April 18, 2025, in various financial publications and on the Cninfo website.