All Winner Technology revamps governance, adds worker representation

All Winner Technology has approved significant revisions to its corporate governance framework, including amendments to its articles of association and 22 related internal management systems. Key changes involve the removal of the supervisory board, with its functions transferred to the board's audit committee. The board of directors will also adjust its structure to include a workers’ representative director. These revisions, approved by the board on November 21, 2025, will be submitted for shareholder approval at the first extraordinary general meeting on December 11, 2025.

The updated policies cover critical areas such as information disclosure, related party transactions, external guarantees, external investments, fundraising, internal audit, and the selection of accounting firms. For instance, the information disclosure management system has been revised to clarify responsibilities and enhance transparency. The external guarantee management system now requires all external guarantees to be reviewed by the board and submitted for shareholder approval.

Additionally, All Winner Technology plans to provide a guarantee of up to $20 million for its wholly-owned subsidiary, All Winner (Hong Kong) Limited, to support its daily operations and business development with Taiwan Semiconductor Manufacturing Company. This guarantee, which currently represents 27.58% of All Winner Technology’s net assets, will also be subject to shareholder approval.