Sunwoda subsidiary invests in Shenxiang Technology, updates governance

Sunwoda Electronic announced a connected transaction where its subsidiary, Shenzhen Qianhai Hongsheng Venture Capital Service Co., Ltd., and related party Shenzhen Qianhai Tianmao Investment Management Partnership will invest 5 billion yuan in Shenxiang Technology Corporation Limited. This investment aims to strengthen supply chain collaboration and aligns with Sunwoda's strategic development. The transaction was approved by the board of directors, with related parties recusing themselves from voting, and adheres to fair market valuation principles.

In parallel, Sunwoda Electronic will hold its fifth extraordinary general meeting on December 25, 2025, to approve several corporate governance updates. These include revisions to the company's articles of association and various internal management systems, such as those governing independent directors, shareholder network voting, and connected transactions. The company also confirmed the cancellation of 250,000 shares of stock options from its 2022 restricted stock and stock option incentive plan, which expired on November 28, 2025, without being exercised. These updates reinforce Sunwoda's commitment to robust corporate governance and its long-term strategic goals.