Kstar to overhaul governance, accounting, and board composition

Shenzhen Kstar Science And Technology announced comprehensive updates to its governance framework, including revisions to its accounting policies, internal control systems, and the election of a new board of directors. The company's accounting policy for its Hong Kong subsidiaries will change from HKD to USD as the functional currency, effective from October 1, 2025, to better reflect business operations. This change, along with updates to policies on related-party transactions, fundraising, and external guarantees, was approved by the board on November 20, 2025, and will be submitted for shareholder approval on December 8, 2025.

The upcoming shareholder meeting on December 8, 2025, will also address the election of the seventh board of directors, comprising three non-independent directors and three independent directors, for a three-year term. Shareholders will vote on board compensation, amendments to the Articles of Association, and various internal governance documents, including those pertaining to information disclosure, audit committee functions, and risk management. These revisions underscore Kstar’s commitment to aligning with regulatory standards and strengthening its operational and financial oversight.