TPV Technology addresses accumulated losses, amends governance

TPV Technology held its second extraordinary general meeting of shareholders for 2025 on December 10, approving several critical resolutions. Shareholders voted to continue the appointment of the company’s auditor for 2025 and passed a resolution to use capital and surplus reserves to offset accumulated losses. The meeting also approved amendments to the Articles of Association and the rules of procedure for shareholder and board meetings.

Following these resolutions, the company announced the dissolution of its supervisory board. All supervisory board members, including former chairman Fan Laiying and supervisor Zhang Zhicheng, have stepped down from their roles. Employee supervisor Wen Mengjuan will continue to hold other positions within the company.

To address the accumulated losses, TPV Technology will utilize its surplus reserve of 99,143,044.95 yuan and capital reserve (share premium) of 4,240,429,372.71 yuan, totaling 4,339,572,417.66 yuan. Creditors are advised to submit claims within 30 days of receiving notification or 45 days from the announcement disclosure date. After the offset, the company’s retained earnings deficit will be reduced to -3,322,286,167.44 yuan.