Hangjin Technology to vote on accounting firm switch, independent director pay hike

Hangjin Technology announced its proposal to change its accounting firm from Daixin Certified Public Accountants to ShineWing Certified Public Accountants for the 2025 financial year. This change follows a tender process after Daixin served the company for four consecutive years, aimed at ensuring audit independence and objectivity. The company’s audit committee and board of directors have approved this change, which will take effect upon shareholder approval.

The board of directors also approved an adjustment to the stipends for independent directors, increasing it from yuan 100,000 to not exceed yuan 150,000 (pre-tax) per person per year, effective from shareholder approval. This adjustment aims to enhance the independence and professionalism of independent directors, considering the company's operational performance and industry compensation levels.

These proposals will be presented for shareholder approval at the Fourth Extraordinary General Meeting of 2025, scheduled for December 17, 2025, in Wuhan. Shareholders can participate through on-site attendance or online voting.