Zhejiang Jiemei Electronic & Technology proposes governance overhaul, share repurchase policy

Zhejiang Jiemei Electronic & Technology has approved comprehensive revisions to its articles of association, with changes including a redefinition of the legal representative and updated provisions for shareholder rights and responsibilities. The company also introduced a new share repurchase policy, outlining conditions, methods, and financing for buying back its own shares, with strict rules against insider trading during these periods. This new policy will help ensure financial stability and sustainable operations, aiming to boost investor confidence.

Furthermore, new management policies for information disclosure, external investments, and financing and external guarantees were adopted to strengthen transparency and risk management. A new internal audit system will ensure that all financial activities comply with regulations and are monitored for any discrepancies. These changes, approved by the board, require shareholder approval at the upcoming extraordinary general meeting on December 12, 2025.