DHC Software streamlines governance, shutters Shanghai subsidiary

DHC Software Co., Ltd. is overhauling its corporate governance structure, highlighted by the cancellation of its supervisory board. The supervisory board's functions will now be absorbed by the board of directors' audit committee. This change necessitates extensive revisions to the company's Articles of Association and other corporate governance systems, including the "Shareholders' Meeting Rules" and "Board of Directors' Meeting Rules," while abolishing the "Supervisory Board Meeting Rules." These changes aim to streamline operations and enhance governance.

Concurrently, DHC Software is moving to deregister its subsidiary, DHC Software (Shanghai) Co., Ltd., a wholly-owned entity established on March 1, 2024, with registered capital of 100,000,000 yuan. This decision, approved by the board of directors, is a strategic move to optimize internal management, reduce costs, and improve operational efficiency. The company expects no material impact on its consolidated financial statements or overall business.

In other board actions, DHC Software approved the re-engagement of Zhongxingcai Guanghua Certified Public Accountants (Special General Partnership) as its auditing firm for the 2025 financial year. The audit fee is set at 1,800,000 yuan, covering financial and internal control audits. This appointment remains subject to shareholder approval.